The effect of the invisible hand is likely to be the strongest under which market structure?

A) Oligopoly
B) Monopoly
C) Perfect competition
D) Monopolistic competition

C

Economics

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If the price of good X is $50 and the price of good Y is $25, it follows that the relative price of one unit of good X is _____________ unit(s) of good Y

A) 1.00 B) 2.00 C) 0.75 D) 1.33 E) 0.50

Economics

What is the difference between between total costs, variable costs, and fixed costs?

What will be an ideal response?

Economics