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Author Question: An allocation in which one person can be made better off only by making someone else worse off is ... (Read 64 times)

laurencescou

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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.


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quynhmickitran

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

B

Answer to Question 2

A


laurencescou

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

coreycathey

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Reply 3 on: Yesterday
Excellent

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