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Author Question: Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from ... (Read 99 times)

anshika

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on: Jul 1, 2018
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


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aliotak

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

c

Answer to Question 2

b


anshika

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Reply 2 on: Jul 1, 2018
Gracias!

nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

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