According to your text, competition generally requires

A) fixed costs.
B) fixed prices.
C) fixed profits.
D) detailed government regulation.
E) none of the above.

E

Economics

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Which of the following transitional economies has become a high-income nation?

a. Czech Republic b. Kazakhstan c. China d. Vietnam e. None of the answers is correct

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Movement along the aggregate expenditure line is caused by a change in the level of income

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

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