One effect of speculators is to iron out price fluctuations because this is the way they make their profits
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following values of the Lerner Index indicates the greatest amount of market power?
A) 0.313. B) 0.375. C) 0.6. D) 0.625.
Economics
When building a model, an economist must:
a. adjust for exceptional situations. b. provide a complete description of reality. c. make simplifying assumptions. d. develop a set of behavioral equations.
Economics