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Author Question: There is no relationship between the size of a bureau's budget and the income earned by the ... (Read 36 times)

newyorker26

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on: Jul 1, 2018
There is no relationship between the size of a bureau's budget and the income earned by the bureaucrat in charge of the bureau.
 
  a. True b. False

Question 2

The above figure shows the payoff to two gasoline stations, A and B, deciding to operate in an isolated town. Suppose a 30 fee is required to enter the market. If firm A chooses its strategy first, then
 
  A) firm A will not enter.
  B) neither firm will enter.
  C) both firms will enter.
  D) firm A will enter and firm B will not.
Microeconomics ¦ Perloff ¦ 8th Edition
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tkempin

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

b

Answer to Question 2

C


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