Author Question: In a monopoly a. the industry has high barriers to entry b. the industry has high barriers to exit ... (Read 272 times)

jCorn1234 · **on:** Jul 1, 2018

In a monopoly
a. the industry has high barriers to entry
b. the industry has high barriers to exit
c. the industry has high barriers to entry and exit
d. the industry has no barriers to entry or exit

Question 2

In common value auctions
a. Every bidder know the value of the object being sold
b. Each bidder makes the same estimate of the value of the good
c. All bidders know the estimates of the others
d. The true value of the item is unknown to bidders