Small number of industries have a greater probability

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Q. 1. Do we often fail to consider prospect costs? Why are there only two options on the PPC? Is there such thing as a free lunch?

2. Can anyone think of a situation where markets are actually efficient but do not seem fair?

Q. Cartels with a small number of industries have a greater probability of reaching the monopoly outcome than do cartels with a larger number of industries.

Q. In order for companies to prepare also issue financial statements, their accounting equations (debits also credit) must be in balance at yr end. Discuss how errors also misstatements may occur when accounting equations (debits also credits) must be in balance at yr end.

Reference no: EM1323247

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