A market structure in which the decisions of individual buyers and sellers have no effect on market price is
A) perfect competition.
B) a short-run industry.
C) a long-run industry.
D) a market supply industry.
Answer: A
Economics
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Given the reserve-holding ratio e and the fraction of deposits held as cash c, the money multiplier becomes
A) ec/(e - c). B) (1 + c)/(e + c). C) (1 - c)/ec. D) 1 - e - c. E) ec - (1/c).
Economics
A worldwide system of fixed exchange rates was organized and maintained under the International Monetary Fund
A) in the three decades before World War I. B) in the years between the world wars. C) from the end of World War II until the early 1970s. D) from the early 1960s to the late 1980s.
Economics