A firm is an organization that produces
a. only goods for sale to households
b. only services for sale to households
c. goods and services for sale to households and businesses
d. only goods for sale to other businesses
e. only resources
C
Economics
You might also like to view...
Today's Federal Reserve bank notes promise to pay the bearer
A) nothing. B) a fixed quantity of gold. C) a variable quantity of gold. D) a specific interest rate. E) a variable interest rate.
Economics
Refer to Figure 7-1. At the efficient equilibrium
A) economic surplus is maximized. B) economic surplus is zero. C) economic surplus is negative. D) economic surplus is minimized.
Economics