Firms operating in a _____ market sell their products in a market where other firms produce identical products
a. monopoly
b. perfect competitive
c. monopsony
d. duopoly
b
Economics
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The equation of exchange states that the quantity of money
A) multiplied by the velocity of circulation equals nominal GDP. B) divided by price level equals real GDP. C) multiplied by nominal GDP equals the price level. D) divided by nominal GDP equals real GDP.
Economics
If Md = 1,000 – 400r and Ms = 2,000, the MPC = .85, G=100, and T = 120, then the equilibrium interest rate is
a. 2.5 b. 5 c. 10 d. 20 e. not enough information was given.
Economics