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Author Question: Mergers may result in A) anticompetitive behavior. B) more efficient production. C) fewer firms ... (Read 64 times)

V@ndy87

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on: Jul 1, 2018
Mergers may result in
 
  A) anticompetitive behavior.
  B) more efficient production.
  C) fewer firms in a market.
  D) All of the above.

Question 2

In auctions, the winner always pays a price equal to the highest (his) bid.
 
  Indicate whether the statement is true or false


huda

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

D

Answer to Question 2

False. There are also second-price auctions in which the winner pays a price equal to the second highest bid.


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