Economists may hold many different views about the economy but on this they all agree: That price is always lower in a perfectly competitive market than in a monopoly market
Indicate whether the statement is true or false
F
Economics
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In the years following the Civil War, the world supply of cotton ____________ and the world demand for cotton _____________
a. increased; also increased b. decreased; also decreased c. increased; decreased d. decreased; increased
Economics
If price and quantity are not at their equilibrium positions, then
A. government must intervene. B. a move to another position will help everyone. C. it is possible to reallocate so that some people are better off without harming others. D. a move to another position will not hurt anyone.
Economics