Credit card companies that operate as intermediary firms between credit card holders and business vendors are best described as
A) platforms in a shared-input market.
B) end users in a shared-input market.
C) platforms in a transaction-based market.
D) end users in a transaction-based market.
Answer: C
Economics
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Refer to the graph below. Assume that the economy is in initial equilibrium where AD1 intersects AS1. If there is an anticipated increase in aggregate demand to AD2, then according to the rational expectations economists, the path for adjustment runs from point:
A. A to B to C
B. A to D to C
C. A directly to C
D. A directly to B
Economics
Which of the following would be considered part of income?
A. Wages and salaries B. The value of a house C. Corporate stock holdings D. Money in a bank account
Economics