In a market economy, those who are willing and able to buy what is produced
A) receive the most of what is produced.
B) receive no more than everyone else in the market.
C) solely determine what is produced.
D) receive what the government allows them to receive.
A
Economics
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A competitive firm sells 100 units of output for $5 per unit. The firm's marginal revenue amounts to __________
Fill in the blank(s) with correct word
Economics
In economics, we observe that people consistently make irrational decisions in certain situations and choose to do something even if:
A. the benefits outweigh the sunk costs. B. the benefits outweigh the opportunity costs. C. the opportunity costs outweigh the benefits. D. the sunk costs outweigh the opportunity costs.
Economics