In a two-sided market, an intermediary firm that links groups of producers and consumers is called
A. a platform.
B. an oligopoly.
C. an end user.
D. an operator.
Answer: A
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Demand tends to be ________ in the short run than in the long run.
A. less important B. more elastic C. more variable D. less elastic
Ireland's Balance of Payments (BOP) is an annual statement of:
(a) The international trade position of the Irish Economy; (b) The end of year position of the Irish government's budget; (c) The annual balance sheet view of money inflows and outflows for the Irish economy; (d) None of the above describes the balance of payments.
In most markets, the equilibrium price is achieved
A. Using an equilibrium price formula. B. Through government mandate. C. Through trial and error. D. Through detailed databases.
A shift of the demand curve to the left represents
A. an increase in demand. B. an increase in quantity demanded. C. a decrease in quantity demanded. D. a decrease in demand.