In what market are goods and services sold?
a. money market
b. household market
c. product market
d. resource market
e. consumer market
C
Economics
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In the figure above, the equilibrium market price is $20. The producer surplus is shown by the area
A) A. B) B. C) A + B. D) A รท B. E) A - B.
Economics
For a firm in a perfectly competitive industry, the demand curve for its own product is
A) horizontal. B) vertical. C) upward sloping. D) downward sloping.
Economics