If two small perfectly competitive firms merge, the merged firm will be:
a. a price-taker.
b. a market leader.
c. a price-discriminator.
d. an oligopoly.
A
Economics
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Indicate whether the statement is true or false
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A closed economy is one that
A) has no government sector. B) neither borrows from nor lends to foreign countries. C) produces mainly agricultural goods. D) produces mainly manufactured goods.
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____________ solves the mutual coincidence of wants problem
a. Barter b. Mercantilism c. Free trade d. Money
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In general, a society will benefit more, the more self-sufficient it is
a. True b. False
Economics