Each of the following is implied if we say that transactions costs are absent EXCEPT:
A. sellers can easily communicate their prices.
B. buyers can easily locate suppliers and learn their prices.
C. buyers and sellers can arrange transactions without significant obstacles.
D. sellers do not charge a markup over marginal cost.
D. sellers do not charge a markup over marginal cost.
Economics
You might also like to view...
In the Keynesian model, whenever planned saving exceeds planned investment
A) the interest rate will remain unchanged. B) there will be unplanned inventory depletion. C) real GDP will not be influenced. D) there will be unplanned inventory accumulation.
Economics
In the case of perfectly inelastic demand, the demand curve is:
A. upward sloping. B. downward sloping. C. vertical. D. horizontal.
Economics