A seller in a competitive market can
a. sell all he wants at the going price, so he has little reason to charge less.
b. influence the market price by adjusting his output.
c. influence the profits earned by competing firms by adjusting his output.
d. All of the above are correct.
a
You might also like to view...
A subjective analysis of "what should be" in the economy is referred to as
A) positive economics. B) normative economics. C) command economics. D) implicit economics.
Adhering to the principle of revenue neutrality _____
a. allows for the separation of efficiency and the overall level of taxation b. allows for the separation of equity and the overall level of progressivity c. allows for the separation of equity and government spending d. allows for the separation of efficiency and intergovernmental transfers