In competitive markets,
a. firms produce identical products.
b. buyers can influence the market price more easily than sellers.
c. markets are more likely to be in equilibrium.
d. sellers are price setters.
a
Economics
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Production points inside the PPF are
A) efficient but not attainable. B) efficient and attainable. C) inefficient and not attainable. D) inefficient and attainable.
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The process of converting a future amount of money into its value today is called
A) trending. B) depreciation. C) discounting. D) compounding.
Economics