Which of the following statements about markets is true?
a. Market supply and demand cannot be altered by outside influences.
b. In reality, markets can function only at the efficient equilibrium level.
c. All competing firms have equal power and influence over activities in the market.
d. Innocent bystanders are sometimes affected by the decisions of buyers and sellers.
Ans: D
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A) increase. B) decrease. C) decrease and then increase. D) increase and then decrease.
What is price discrimination? Give examples of price discrimination
What will be an ideal response?
The Congress of Industrial Organizations (CIO) was formed in 1938 by
A) John L. Lewis. B) Samuel Gompers. C) Walter Reuther. D) Ralph Nader.
An example of an investment is
A. the purchase of a share of Berkshire Hathaway stock. B. the purchase of an iPhone by a company for one of its salesmen. C. the purchase of a government Treasury bill. D. all of the above