Most U.S. firms face:
A. perfect competition.
B. some degree of competition.
C. market power resting in a few large firms in every industry.
D. no competition at all.
B. some degree of competition.
Economics
You might also like to view...
________ is the difference between the willingness to pay and the price paid for a good
A) Producer surplus B) Consumer surplus C) Seller's profit D) Revenue
Economics
A cost borne not by the producer but by other people is called ________ cost
A) an unregulated B) an external C) a consumer D) a non-production
Economics