« previous next »

Author Question: Which of the following models results in the greatest deadweight loss assuming a fixed number of ... (Read 56 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
Which of the following models results in the greatest deadweight loss assuming a fixed number of firms with identical costs and a given demand curve?
 
  A) Cournot
  B) Stackelberg
  C) Monopoly
  D) Perfect competition

Question 2

In a market where one unit of labor produces one unit of output, consumers prefer
 
  A) a competitive labor market and a monopoly output market.
  B) a competitive output market and a monopoly labor market.
  C) a monopoly output market and a monopoly labor market.
  D) None of the abovethey are indifferent between A and B.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

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.

Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge
Nap master (fixed) Nap master (fixed)
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
According to neuroendocrine models of depression, repeated or chronic stress results in overactivity ... According to neuroendocrine models of depression, repeated or chronic stress results in overactivity ...
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
Loud Music and Hearing Loss Loud Music and Hearing Loss
Video: ribosome

For a complete list of videos, visit our video library