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Author Question: Monopolies can earn positive profits a. In the long run only b. Until they disappear due to new ... (Read 105 times)

MirandaLo

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on: Jul 1, 2018
Monopolies can earn positive profits
 a. In the long run only
 b. Until they disappear due to new entry
  c. In the short run only
 d. None of the above

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. Bidders do not know the estimates of the others
 d. The true value of the item differs across bidders


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bd5255

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


MirandaLo

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  • Posts: 538
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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