The situation in which buyers are able to affect the price of a good is referred to as ________ power

A) monopoly
B) purchasing
C) monopsony
D) countervailing


C

Economics

You might also like to view...

Define net borrower, net lender, creditor nation, and debtor nation. Discuss the difference between a net borrower and a debtor nation

What will be an ideal response?

Economics

Is there a difference between the "true burden" of a tax and who is legally required to pay a tax? Briefly explain

What will be an ideal response?

Economics

The GDP gap is the difference between:

a. frictional unemployment and actual real GDP. b. unemployment rate and real GDP deflator. c. actual real GDP and full-employment real GDP . d. full-employment real GDP and real GDP deflator.

Economics

Cost-push inflation may be caused by:

A. a decline in per unit production costs. B. a decrease in wage rates. C. a negative supply shock. D. an increase in resource availability.

Economics