In a market economy, government officials make most production decisions in a centralized manner
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which is FALSE about perfect competition?
A) There are numerous sellers. B) Market entry and exit is unrestricted. C) There is no ability to set price. D) There is considerable product differentiation.
Economics
In analyzing the market for a particular good, the most appropriate size of the market to consider
a. is the global market b. is a local market c. is a national market d. is a state-wide market e. depends on the purpose of the analysis
Economics