« previous next »

Author Question: In the long run, a monopoly's a. economic profits are zero b. economic profits are negative c. ... (Read 137 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jul 1, 2018
In the long run, a monopoly's
 a. economic profits are zero
 b. economic profits are negative
  c. economic profits are positive
  d. demand is perfectly inelastic

Question 2

The winners curse is more often associated with;
 a. oral auctions
 b. second-price auctions
 c. first-price sealed bid auctions
  d. common value auctions


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Positive and Negative Punishment Positive and Negative Punishment
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: Retina

For a complete list of videos, visit our video library