1.Limitations of bargaining include:

A.the assignment of property rights may be ambiguous.

B. contracts may not need enforcing.

2.In an oligopolistic market,:

A.the smaller the number of firms and the more elastic the demand, the greater the markup.

B.the larger the number of firms and the more elastic the demand, the greater the markup.

C. the smaller the number of firms and the less elastic the demand, the greater the markup.

Answer rating: 100% (QA)

Limitations of Bargaining 1 A The assignment of property rights may be ambiguous Heres why Bargaining relies on clearly defined property rights to det... View the full answer