In a world of perfect information, if consumers could costlessly contract with private contractors to produce a good and there were no economies of scale,
a. firms would be unnecessary
b. markets would be unnecessary
c. consumers would be unnecessary
d. consumers would face greater production costs
e. firms would be more efficient than the market
A
Economics
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The demand curve represents the buyer's side of the marketplace
Indicate whether the statement is true or false
Economics
An increase in the money supply in the simple Keynesian model causes
A) income to fall. B) inventories to rise. C) interest rates to fall. D) investment to fall.
Economics