A mixed market is one in which:
A. consumers can be buyers and sellers and producers can be sellers and buyers.
B. there are different qualities of a good being sold in the market and there is imperfect information about the quality of each good.
C. a seller of a good requires that the purchase of one good be tied to the purchase of another.
D. demand is positively sloped and supply is negatively sloped.
Answer: B
You might also like to view...
For each of the following pairs of products, discuss which of the two would be expected to be more price elastic and explain why.
i. water vs. diamonds ii. insulin vs. cough syrup iii. meat vs. filet mignon iv. gasoline right after a major hurricane vs. gasoline over that entire summer
What are the four types of industry structures? Compare and contrast them with the number of firms in the industry, whether firms produce homogeneous or heterogeneous products, whether there are economic profits in long-run equilibrium, and how frequently the model appears in the real world.
What will be an ideal response?
From the highest percentage to the lowest percentage, the percentage of revenues earned by businesses in the United States is represented by which of the following?
A) corporations, partnerships, sole proprietorships B) partnerships, corporations, sole proprietorships C) sole proprietorships, partnerships, corporations D) corporations, sole proprietorships, partnerships
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. closed circuit TVs throughout a warehouse c. requiring a kitchen remodeling contractor to be 'bonded' d. listening in on call center conversations