The model of perfect competition is valuable for
A) prediction.
B) comparison to other markets.
C) Either A or B.
D) None of the above.
C
Economics
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You withdraw $2,000 from your account. Your bank has a desired reserve ratio of 20 percent. This transaction, by itself, will directly reduce
A) the quantity of money by $1,600. B) deposits by $1,600. C) the quantity of money by $2,000. D) deposits by $2,000.
Economics
Why would an economist argue that tuition is not the largest cost of attending a state university?
What will be an ideal response?
Economics