In perfect competition, firms are price makers

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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If Happy Cows contractually requires distributors who purchase Happy Cows' milk to also purchase Happy Cows' cream, this is an example of ________.

A) territorial confinement B) a tying arrangement C) exclusive dealing D) a requirements contract

Economics

Taxation alters the behavior patterns of individuals

a. True b. False Indicate whether the statement is true or false

Economics

Suppose that your tuition to attend college is $14,000 per year and you spend $5,000 per year on room and board. If you were working full time, you could earn $26,000 per year. What is your opportunity cost of attending college?

A. $19,000 B. $31,000 C. $40,000 D. $45,000

Economics

When the Federal Reserve decreases the money supply, it generally does so by purchasing bonds.

Answer the following statement true (T) or false (F)

Economics