Multiple Choice
A perfectly competitive market has all of the following characteristics except:
A) There are few buyers.
B) There are many sellers.
C) Each buyer offers to buy a small part of the total quantity transacted.
D) Each seller offers to sell a small part of the total quantity transacted.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Institutions exclude:<br>A)ministry of industry.<br>B)social customs.<br>C)the common law.<br>D)religious
Q61: The clustering model implies that several gas
Q62: The market demand curve is downward sloping,
Q63: Define the competitive equilibrium. Explain how market
Q64: The statement "I will either pass or
Q66: Suppose that an increase in the global
Q67: Positive economics is an approach that:<br>A)requires the
Q68: Locational models predict all of the following
Q69: Present a real- life example that would
Q70: The statement "the government should do something