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    Principles of Microeconomics Study Set 3
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    Exam 3: The Market at Work: Supply and Demand
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    Imperfect Markets
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Imperfect Markets

Question 1

Question 1

Multiple Choice

Imperfect markets


A) do not exist in democracies.
B) always result in supply exceeding demand.
C) always result in demand exceeding supply.
D) occur when the buyer or seller has an influence on the price.
E) can't occur if there are many buyers and many sellers.

Correct Answer:

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