Multiple Choice
Which of the following is not an example of a market?
A) A small town has only one seller of electricity.
B) In the United States,a sick person cannot legally purchase a kidney.
C) In Florida,there are many buyers and sellers of key lime pie.
D) The availability of Internet shopping has expanded the clothing choices for buyers who do not live near large cities.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: The supply of a good or service
Q11: Which of the following is the least
Q12: In a perfectly competitive market,at the market
Q13: In a competitive market,each seller has limited
Q14: In competitive markets,<br>A)firms produce identical products.<br>B)no individual
Q16: Assume Leo buys coffee beans in a
Q17: Which of the following would most likely
Q18: Most markets in the economy are<br>A)markets in
Q20: The highest form of competition is called<br>A)arbitrage.<br>B)monopolistic
Q129: A competitive market is a market in