In a competitive market, sales go to those producers who are willing to supply the product at the lowest price

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

What are the four functions of money? Can something be considered money if it does not fulfill all four functions?

What will be an ideal response?

View
Economics

What is a crawling peg and how does it work?

What will be an ideal response?

View
Economics