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Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
In theory the use of resources in capitalism is left to whom?
buyers and sellers
Can you use oligopoly in a sentence?
Oligopoly is a market with small number of buyers and sellers.
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Who can use echecks?
Businesses that indulge in regular transactions can use eChecks for sending/receiving payments on the internet.
How do people use eChecks online?
People use eChecks both to pay and buy stuff. eChecks are very similar to electronic payments that we regularly do with our traditional banking institutions. With eChecks though, the funds will take about three to four days to process.
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
In theory the use of resources in capitalism is left to whom?
buyers and sellers
Can you use oligopoly in a sentence?
Oligopoly is a market with small number of buyers and sellers.
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
What are the requirements for competition?
Perfect knowledge of market - buyers' and sellers' sides Many buyers and sellers Sellers are passive price takers Free entry and exit for the industry Homogenous product
How does tax share between buyers and sellers?
The tax is shared by both buyers and sellers when they carry out a transaction. If a seller is selling car, he will have to pay a tax on the income generated while buyer will pay tax on the posession and use of vehicle.
Is it appropriate for buyers to manage sellers?
depends.
