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Author Question: Which of the following markets are closest to perfectly competitive a. The market for smart phones ... (Read 32 times)

sjones

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on: Jul 1, 2018
Which of the following markets are closest to perfectly competitive
 a. The market for smart phones
 b. The market for generic pharmaceuticals
  c. The market for sport shoes
 d. The market for fast food

Question 2

If the bidders at an oral auction have true values of 78, 72, 66, and 65, the item will sell for
 a. 78
 b. just under 78
  c. 72
 d. just over 72


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poopface

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

b

Answer to Question 2

d


sjones

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  • Posts: 520
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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