Consumers and firms are known as price takers only if
A) no market exists to determine the equilibrium price.
B) they can set the market price.
C) they cannot unilaterally affect the market price.
D) excess demand exists.
C
Economics
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The problems that inflation creates are caused almost entirely by
A) corporations. B) greed. C) price searchers. D) uncertainty. E) unions.
Economics
If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible
A) explicit B) marginal C) opportunity D) implicit
Economics