Which of the following is not a basic characteristic of a perfectly competitive market?
a. a large number of buyers and sellers
b. significant nonprice competition among firms
c. a standardized product produced by firms
d. no barriers to entry
e. no barriers to exit
B
Economics
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What is meant by the term opportunity cost?
What will be an ideal response?
Economics
One mechanism through which increasing public debt may impact the economy is that the resulting
A) increased competition for funds increases interest rates and causes a reduction in investment. B) increased competition for funds decreases interest rates and causes an increase in investment. C) decreased competition for funds decreases interest rates and causes a reduction in investment. D) decreased competition for funds decreases interest rates and causes an increase in investment.
Economics