Which of the following characteristics is required for a perfectly competitive market?
a. The goods offered for sale are exactly the same.
b. There are so many buyers and sellers that no single buyer or seller has any influence over the market price.
c. It is difficult for new sellers to enter the market.
d. Both a and b are correct.
d
Economics
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Firms that participate in regular open market transactions with the Federal Reserve are called
A) Treasury banks. B) Federal Reserve partners. C) primary dealers. D) secondary market banks.
Economics
What is the significance of the mutual interdependence among the firms in an oligopolistic market?
What will be an ideal response?
Economics