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Author Question: Requiring government agencies to report which company had the lowest bid for a government contract ... (Read 97 times)

tingc95

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on: Jul 1, 2018
Requiring government agencies to report which company had the lowest bid for a government contract and the level of the bid,
 
  A) can help a cartel enforce its agreement.
  B) can speed up the end of a cartel.
  C) may foster competition.
  D) may help a cartel to lower its price.

Question 2

If a competitive firm faces a competitive labor market, it will hire labor until
 
  A) w = p.
  B) w = MPL.
  C) w = MPL  p.
  D) MPL = 0.
Microeconomics ¦ Perloff ¦ 8th Edition
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efwsefaw

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

A

Answer to Question 2

C


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