What matters in Economics is:

a. how much gain a transaction yields.
b. how the gains from a transaction are split between the buyer and the seller.
c. how much gain the buyer realizes from a transaction.
d. that the transaction between a buyer and a seller takes place.

D

Economics

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As the number of firms in an industry increases, the residual demand curve becomes

A) more elastic. B) less elastic. C) larger. D) vertical.

Economics

In a competitive economy, workers will be paid according to their

A) status. B) age. C) marginal productivity. D) need.

Economics