A market is a set of arrangements where:
A) buyers and sellers can get together and buy and sell.
B) buyers compete with sellers.
C) sellers compete with buyers.
D) A and C are true, but B is not true
Ans: A) buyers and sellers can get together and buy and sell.
Economics
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This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.
Economics
If aggregate expenditure exceeds GDP, we expect inventories to shrink and firms to increase production
a. True b. False
Economics