If a firm happened to be the only seller of a particular product, it might behave as a price taker as long as
A) buyers have full information about the firm's price.
B) the transaction costs of doing business with this firm are low.
C) there are many buyers.
D) there is free entry and exit.
D
Economics
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If bankers decide to keep a lower fraction of deposits on reserve, the money supply will
a. decrease. b. increase. c. remain unchanged. d. move more quickly through the economy.
Economics
Which of the following is a possible benefit of labor unions?
A. It may facilitate a smooth relationship between labor and management. B. It may provide workers an intermediary to discuss job issues with managers. C. It may lead to an increase in productivity. D. All of these
Economics