How much control over price do companies in a perfectly competitive market have?

(A) Total control
(B) Very little
(C) Some
(D) None

Ans: (D) None

Economics

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The part of the balance of payments that records a country's net exports, net investment income, and net transfers is the

A) capital account. B) current account. C) financial account. D) statistical discrepancy account.

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Dumping occurs when, in a foreign market, a good is sold

A) below its cost of production or below the price in that market. B) at a discount below the list price. C) below its nominal price. D) at a price above the equilibrium price.

Economics