Internet auctions
a. allow specialized sellers to reach many customers at low cost
b. allow specialized buyers to reach many sellers at low cost
c. always take the form of a Dutch auction
d. always take the form of an English open outcry auction
e. are rapidly being replaced by continuous open outcry auctions
A
Economics
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Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for Good 1 to maximize revenues for good 1?
a. $4,500 b. $5,000 c. $1,500 d. $1,000
Economics
Which of the following describes a trade deficit?
a. Exports plus imports b. Exports divided by imports c. Exports multiplied by imports d. Exports exceed imports e. Imports exceed exports
Economics