Firms in a(n) ________ produce an efficient scale of output
A) monopolistically competitive market
B) monopoly market
C) oligopoly market with differentiated products
D) perfectly competitive market
D
Economics
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Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?
A) The nation as a whole suffers losses. B) Sellers lose. C) Buyers lose. D) Buyers gain.
Economics
Refer to the figure above. What is the quantity supplied in the market when the market is supplied by one firm?
A) 30 units B) 45 units C) 60 units D) 90 units
Economics