Which of the following pairs of characteristics would be consistent with imperfect competition?
a. Many buyers and sellers and no barriers to entry
b. Many buyers and sellers and a homogenous product
c. No barriers to entry and all buyers and sellers have perfect information
d. Many buyers and sellers and some barriers to entry
e. Many buyers and sellers and everyone has perfect information
D
Economics
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Is the $208 million that electricity producers will spend to comply with the new rules part of the opportunity cost of producing electricity?
What will be an ideal response?
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According to the circular flow model, an increase in spending by businesses on productive resources would cause the income and spending of consumers to increase
Indicate whether the statement is true or false
Economics