For barter to occur there has to be
A) a commodity to serve as a medium of exchange. B) a single coincidence of wants.
C) a double coincidence of wants. D) a formal market where prices are quoted.
C
Economics
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What is the difference between positive analysis and normative analysis?
What will be an ideal response?
Economics
Monopolistically competitive firms
A) have market power because they can set price above marginal cost. B) have no market power because they earn zero economic profit. C) have no market power because of free entry. D) have no market power because price equals marginal cost.
Economics