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

Author Question: An allocation in which one person can be made better off only by making someone else worse off is ... (Read 44 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jul 1, 2018
An allocation in which one person can be made better off only by making someone else worse off is
 
  A) inefficient.
  B) efficient.
  C) a partial equilibrium.
  D) a general equilibrium.

Question 2

Refer to Scenario 12.1. What will be the price in the long run if the industry is a Cournot duopoly?
 
  A) 400
  B) 600
  C) 800
  D) 900
  E) Competition will drive the price to zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

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?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells
Chair made from tree Chair made from tree
Letter from a Person with Pure Alexia Letter from a Person with Pure Alexia
A healthy diet is made up of well-balanced nutrients. A healthy diet is made up of well-balanced nutrients.
Quality of U.S. and Japanese-made Automobiles Quality of U.S. and Japanese-made Automobiles
A solution is made by adding 0.100 mole of ethyl ether to 0.401 mole of ethyl alcohol. If the ... A solution is made by adding 0.100 mole of ethyl ether to 0.401 mole of ethyl alcohol. If the ...
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library