The statement that "water is a necessity" is misleading because
A) it does not distinguish fresh water from salt water.
B) it fails to specify for whom water is a necessity.
C) it incorrectly assumes people use water only or primarily for drinking.
D) water is a necessity only in desert environments.
E) water is extremely abundant.
C
Economics
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The "competition" in monopolistically competitive markets is most likely a result of having many sellers in the market
a. True b. False Indicate whether the statement is true or false
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Utility refers to the:
A. satisfaction that a consumer derives from a good or service. B. rate of decline in a product demand curve. C. relative scarcity of a product. D. usefulness of a product.
Economics