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Author Question: A firm in a ______________ faces a __________ demand curve. a. perfectly competitive market; ... (Read 33 times)

s.tung

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on: Jul 1, 2018
A firm in a ______________ faces a __________ demand curve.
 a. perfectly competitive market; perfectly inelastic
  b. perfectly competitive market; perfectly elastic
  c. monopoly market; perfectly elastic
 d. monopoly market; horizontal

Question 2

The more bidders there are at an oral auction,
 a. the higher the expected selling price
 b. the higher each bidder bids
 c. the longer that each bidder will continue to bid
  d. the less each bidder will shade his bid


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kaykay69

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

b

Answer to Question 2

a


s.tung

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  • Posts: 577
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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