This topic contains a solution. Click here to go to the answer

Author Question: Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from ... (Read 89 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
Profits of a monopoly are driven to zero
 a. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly
  b. In the long run because the demand curve becomes more inelastic
 c. In the long run because the assets eventually move from low to high valued use
 d. In the short run because the demand curve becomes more elastic

Question 2

Bid-rigging is more likely when
 a. auctions are for larger amounts
 b. auctions are frequent
 c. auctions are infrequent
 d. the auctioneer is paid on commission rather than a fixed fee



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

c

Answer to Question 2

b




anshika

  • Member
  • Posts: 510
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

For a complete list of videos, visit our video library