Buyers and sellers in a factor market might be negotiating an exchange of
A. services provided to final consumers.
B. either goods for use by final consumers or services provided to final consumers.
C. goods for use by final consumers.
D. labor or financial capital.
Answer: D
Economics
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The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone. The allocatively efficient quantity of pizza is ________ pizzas per day
A) 70 B) 10 C) more than 70 D) 40
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Monopolistic competition means
A) monopolies from several countries compete in the global market. B) a large number of firms producing homogeneous products. C) a large number of firms producing differentiated products. D) few firms producing differentiated products.
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