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In Poland's Free Market, Felix Siemienas Is Making a Fortune

Question 51

Multiple Choice

In Poland's free market, Felix Siemienas is making a fortune in cold cuts.Prices are much higher than formerly.Siemienas says, "Yes, my prices are high.If nobody buys, I bring my prices down.That is the market rule." This "rule" best describes


A) the law of diminishing returns.
B) opportunity cost.
C) the law of increasing costs.
D) the law of demand.

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