Black markets that operate outside the legal system are often characterized by
a. low profits for suppliers.
b. lower opportunity costs for suppliers and buyers.
c. decreased prices.
d. the use of violence as a means of settling disputes.
D
Economics
You might also like to view...
An outside lag is the time period it takes economists to formulate a stabilization policy
Indicate whether the statement is true or false
Economics
A voluntary export restraint occurs when one country prevents a specific product from being imported from another country
Indicate whether the statement is true or false
Economics