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Author Question: If firms have different costs and market demand only supports the quantity the incumbent produces, ... (Read 91 times)

Lobcity

  • Hero Member
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  • Posts: 524
on: Jul 1, 2018
If firms have different costs and market demand only supports the quantity the incumbent produces, then the incumbent's threat to use limit pricing
 
  A) is credible.
  B) is not credible.
  C) would be illegal.
  D) is unable to be determined with the information given.

Question 2

Which of the following are reasons why Social Security is compulsory?
 
  a. A pay-as-you-go system needs new contributors to maintain solvency.
  b. A pay-as-you go system cannot let older individuals opt out of benefits.
  c. The adverse selection problem.
  d. all of the above
  e. a and c


frejo

  • Sr. Member
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  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

e


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