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Author Question: Suppose a victim of an accident brings the injurer to court. You are hired to determine the amount ... (Read 181 times)

biggirl4568

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on: Jul 1, 2018
Suppose a victim of an accident brings the injurer to court. You are hired to determine the amount of damages.
 
  You are specifically asked to find a measure of the amount of money needed to restore the victim to the position he was in prior to the accident. What welfare measure will provide the most accurate measure of this amount? A) compensating variation
  B) equivalent variation
  C) consumer surplus
  D) the loss of utility

Question 2

With regard to preventing entry, if identical firms act simultaneously
 
  A) they cannot credibly threaten each other.
  B) they will all incur losses.
  C) only one firm will enter the market.
  D) none of them will enter the market.


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vish98

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

A

Answer to Question 2

A


biggirl4568

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Reply #2 on: Jul 1, 2018
Thank you


vish98

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Reply #3 on: Jul 1, 2018
No problemo


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