In the long run, a monopoly's a. economic profits are zero b. ...

[sc00by25]

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]

Answer to Question 1

a

Answer to Question 2

d