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Author Question: The main reason(s) monopolies can earn positive profits for a while is(are) a. assets cannot ... (Read 76 times)

lak

  • Hero Member
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  • Posts: 546
on: Jul 1, 2018
The main reason(s) monopolies can earn positive profits for a while is(are)
 a. assets cannot quickly move in and out of the industry when demand fluctuates
  b. an increase in demand does not lead to entry of firms to absorb the extra demand
  c. both A&B
 d. none of the above

Question 2

In a sealed-bid first price auction, if you notice that your competition is weaker, you should
 a. Shade your bid more
 b. Shade your bid less
 c. Bid more aggressively
  d. Both B&C


Heffejeff

  • Sr. Member
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  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


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