If each of us relied exclusively on the market to determine what to buy, we would probably end up with few, if any:

a. streetlights.
b. strawberries.
c. CDs.
d. raincoats.
e. televisions.

a

Economics

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The term "trust" in antitrust refers to a board of trustees that has collusive control over different companies

Indicate whether the statement is true or false

Economics

The principle of revealed preference would say that if Xavier chooses market basket A over market basket B then:

A) if A is more expensive than B, then Xavier must prefer A over B. B) if A is more expensive than B, then Xavier must prefer B over A. C) if A is less expensive than B, then Xavier must prefer A over B. D) if A is less expensive than B, then Xavier must prefer B over A.

Economics