_____________ Capital Markets Small homogeneous units (shares) of ownership in assets trade in public exchanges Many buyers and sellers Price quotes available for all to see Characterized by a high degree of liquidity Informationally efficient
Fill in the blank(s) with the appropriate word(s).
Ans: Public
Economics
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Explain how patents have been beneficial for markets
What will be an ideal response?
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In the short run, the price level is determined primarily by the supply of goods
Indicate whether the statement is true or false
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A firm is currently selling its output for $30 per unit. If the firm reduces the price to $29 in order to boost sales, marginal revenue will
a. equal $30 b. equal $29 c. be between $30 and $29 d. be less than $29 e. exceed $30
Economics
If there is a shortage at a given price, then
A. That price is less than the equilibrium price. B. That price is greater than the equilibrium price. C. That price is the equilibrium price. D. There is no equilibrium price in the market.
Economics