In a competitive market, the actions of any single buyer or seller will
a. discourage entry by competitors.
b. influence the profits of other firms in the market.
c. have a negligible impact on the market price.
d. None of the above is correct.
c
Economics
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Why don't we see firms tie-in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated B) because the demands for these two goods are negatively correlated C) because the demands for these two goods are independent D) It violates the Clean Food Act of 1908.
Economics
Since the 1970s, the Phillips curve has:
a. remained stable. b. moved in a clockwise direction. c. been unstable. d. been used as a reliable model to guide public policy.
Economics