This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firms in all types of market structures pay attention to current rival firms' behavior. Indicate ... (Read 133 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
Firms in all types of market structures pay attention to current rival firms' behavior.
 
  Indicate whether the statement is true or false

Question 2

A private auction is an auction in which
 
  A) individuals know their own value of the good and everyone else's valuation, too.
  B) individuals have their own valuation of the good but don't know everyone else's.
  C) many auctions are auctioned off at the same time.
  D) only one good is auctioned off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Monopolies don't have current rivals. Competitive firms only pay attention to the market price. Oligopolistic and monopolistic competitive firms pay attention to current rivals.

Answer to Question 2

B


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jul 1, 2018
Excellent

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

External and internal structures of nails. External and internal structures of nails.
Drugs and Human Behavior Drugs and Human Behavior
The Principal Internal Structures of a Multipolar Neuron The Principal Internal Structures of a Multipolar Neuron
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
Structures of DNA nucleotide monophosphates Structures of DNA nucleotide monophosphates
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library