The "miracle" of the market, as addressed in your text, refers to the countless goods and services of great complexity made abundantly available
A) under conditions of massive ignorance.
B) with a minimum number of errors and mistakes.
C) with few losses and bankruptcies.
D) with no systematic or scientific way of explaining how it happens.
A
Economics
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The formation of cartels is illegal in the United States and the European Union
a. True b. False Indicate whether the statement is true or false
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Monopolistic competition is like perfect competition in that they both experience?
a. downward sloping demand curves b. product differentiation c. easy entry and exit from the market thus eliminating long-run profits d. barriers to production to keep other market participants out in the long run
Economics