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Author Question: A firm in a ______________ faces a __________ demand curve. a. perfectly competitive market; ... (Read 34 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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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

31809pancho

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Reply 3 on: Yesterday
:D TYSM

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