Characteristics of a perfectly competitive market include:
A. the presence of transaction costs.
B. differentiated products.
C. many sellers, each with a small market share.
D. All of these are characteristics of a perfectly competitive market.
C. many sellers, each with a small market share.
Economics
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Which of the following is a variable in the equation of exchange?
A) real GDP. B) the velocity of money. C) the money supply. D) the price level. E) all of the above.
Economics
The more homogeneous goods are, the more we expect the law of one price to hold
Indicate whether the statement is true or false
Economics