Perfect competition is characterized by all of the following EXCEPT
a. a large number of buyers and sellers.
b. identical products.
c. sellers acting together to set prices.
d. well-informed buyers and sellers.
Ans: c. sellers acting together to set prices.
Economics
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A) Comprehensive development B) Primary-export-led development C) Import-substitution development D) Outward-looking development
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What are some disadvantages of debt cards?
a. Debit cards do not immediately draw on your bank account. b. More difficult to dispute a bill before payment. c. Cannot stop payment after you have paid for the item d. Both B and C are disadvantages of debit cards.
Economics