_____ are an institution where the protocols may determine a _____ and the expected revenue of the seller
a. Contracts; buyer's pricing strategy
b. Auctions; participant's best bidding strategy
c. Auctions; participant's chances of winning the bid
d. Contracts; buyer's share of gains from the transaction
B
Economics
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Points on a production possibilities curve are ________ and ________
A) inefficient; attainable B) inefficient; unattainable C) efficient; attainable D) efficient; unattainable
Economics
What do economists call a situation in which consumers buy a different quantity than they did before, at every price?
(A) A move along the demand curve. (B) A shift in size of the demand curve. (C) A change in expectations. (D) A change in demand.
Economics