A market where individual firms cannot affect the market price of their good is most likely:
A. a monopoly
B. an oligopoly
C. a monopolistically competitive market.
D. perfectly competitive
Answer: D
You might also like to view...
Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers
A tax is considered to be independent of: a. investment
b. consumption. c. government spending. d. real GDP. e. the price level.
While the world was fairly integrated at the turn of the last century, most trade was in agricultural and raw materials, whereas today manufactured consumer and producer goods play a much greater role in determining exports and imports
Indicate whether the statement is true or false
The idea that any public information you will be able to find will prove of little value to you when buying and selling stocks, because that information is so quickly incorporated into the trading prices of stocks, is known as the
A. principle of context. B. over-the-counter hypothesis. C. theory of fundamental analysis. D. theory of efficient markets.