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Author Question: Two cities face identical prices for their housing. City A decided to be a pollution free city Clean ... (Read 79 times)

tsand2

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on: Jul 1, 2018
Two cities face identical prices for their housing. City A decided to be a pollution free city Clean town and all the factories would locate in city B Smogville, in equilibrium, we expect to see
 a. a compensating differential between the prices of housing between the two cities
  b. the prices of housing in both the cities to be identical
 c. The prices of housing in B to be higher
 d. All of the above

Question 2

In an auction where the bidders values are 740, 700, 660, 650, 400, 325 and 300, the highest three bidders decide to form a bid-rigging cartel. What would the winning bid have been without the cartel?
 a. 741
  b. 701
  c. 661
  d. 631


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zenzy

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

a

Answer to Question 2

b


tsand2

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

bbburns21

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

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