Author Question: Which of the following markets are closest to perfectly competitive a. The market for smart phones ... (Read 61 times)

sjones · **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