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

Author Question: A firm in a ______________ faces a __________ demand curve. a. perfectly competitive market; ... (Read 60 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaykay69

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

b

Answer to Question 2

a




s.tung

  • Member
  • Posts: 577
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library