If sellers compete against buyers, then
A) sellers would prefer to face more buyers in the market.
B) sellers would prefer to face fewer buyers in the market.
C) buyers would prefer to face fewer sellers in the market.
D) buyers would prefer to face more sellers in the market.
E) both B and C are true.
E
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Explain the principal-agent relationshi
What will be an ideal response?
Which of the following is the best example of tacit collusion?
A) The formation of a cartel. B) Price leadership. C) Predatory pricing. D) Noncooperative pricing behavior.
Countries that have experienced sustained increases in their standard of living have achieved them because of
A) higher rates of saving and investment. B) higher rates of population growth. C) sustained technological change. D) All of the above are correct.