Which of the following statements regarding a competitive market is not correct?
a. There are many buyers and many sellers in the market.
b. Firms can freely enter or exit the market.
c. Price equals average revenue.
d. Price exceeds marginal revenue.
d
Economics
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List the competitive forces in the five competitive forces model
What will be an ideal response?
Economics
The amount the government budget deficit would be if the economy were at full employment is known as the
A) primary deficit. B) full-employment deficit. C) natural deficit. D) current deficit.
Economics