In economic theorizing, common sense will always lead to the correct answer
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following statement is FALSE?
A. A market may be composed of only one buyer and one seller. B. Perfectly competitive markets are composed of many buyers and sellers. C. Some markets may have only a few sellers but exhibit the properties of perfect competition. D. All of the above statements are correct.
Economics
What are some reasons why coordination of economic affairs through the price system may not work perfectly?
What will be an ideal response?
Economics