A model in which individual producers act as price setters, because there are only a few sellers and the product they sell is not standardized, is called

A) imperfect competition.
B) perfect competition.
C) monopoly.
D) monopsony.

A

Economics

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Real business cycle theory emphasizes the role of ________ in causing economic fluctuations

A) agriculture B) technological change C) natural disasters D) wars

Economics

If the U.S. exchange rate rises, the price to foreigners of U.S.-produced goods and services ________ and the quantity of U.S. dollars demanded ________

A) rises; decreases B) rises; increases C) falls; decreases D) falls; increases

Economics