Market structure is determined by the
a. volume of discounts, the quantity of foreign exchange, and the effects of Federal Reserve policy
b. influence of government policy, the number of qualified buyers, and the effect of generally accepted accounting principles
c. number of buyers and sellers, whether the product is standardized, whether there is free entry and exit, and how well informed the buyers and sellers are about the market
d. volume of discounts, the effect of generally accepted accounting principles, and Federal Reserve policy
e. influence of government policy, the quantity of foreign exchange, and the effects of Federal Reserve policy
C
You might also like to view...
Discuss the difference between first-best and second-best price regulation. In your answer, you should address why governments regulate markets and the difficulties faced when doing so.
What will be an ideal response?
What pitfall is linked with adding up individual behaviors?
a. rationality b. the fallacy of composition c. correlation and causation confusion d. the economic problem
Why is the financial industry inherently more unstable than most other industries?
What will be an ideal response?
Only one of the following statements is correct. The statements compare perfectly competitive (PC) markets and monopolistically competitive (MC) markets. Which statement is correct?
A) Productive efficiency is achieved in both PC and MC markets. Allocative efficiency is achieved only in MC markets. B) Allocative efficiency is achieved in both PC and MC markets. Productive efficiency is achieved only in PC markets. C) Productive efficiency and allocative efficiency are both achieved in PC markets. Neither is achieved in MC markets. D) Allocative efficiency is achieved only in PC markets. Productive efficiency is achieved only in MC markets.