A group of buyers and sellers of a particular good or service is called a(n)

a. coalition.
b. economy.
c. market.
d. competition.

c

Economics

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It is estimated that approximately __________ percent of U.S. depositors have their deposits fully federally insured

A) 25 B) 40 C) 70 D) 99

Economics

Under which of the following market conditions is it most difficult to maintain a cartel agreement?

a. There are many firms in the industry and these firms have similar costs. b. There are many firms in the industry and these firms have different costs. c. There are few firms in the industry and these firms have similar costs. d. There are few firms in the industry and these firms have different costs. e. There are many firms in the industry and these firms produce homogeneous products.

Economics