Sellers in a perfectly competitive market:
A) are price takers.
B) sell differentiated goods and services.
C) are not allowed to exit the market.
D) are small in number.
A
Economics
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Refer to Figure 2-6. If the economy is currently producing at point D, what is the opportunity cost of moving to point B?
A) 8 thousand wrenches B) 30 thousand wrenches C) 23 thousand hammers D) 0 hammers
Economics
According to the above figure, equilibrium is at point
A) E. B) B. C) C. D) D.
Economics