Which is a real-life example of a market that is close to perfect competition?
A. a computer monopoly
B. an oil and gas cartel
C. a farmers’ market
D. a public school system Weegy:
The correct answer is C. A farmers market.Auto answered|Score 1|Slayin|Points 743|User:
What is a main principle of Adam Smith’s The Wealth of Nations?
A. The free market system is inefficient.
B. Business prospers by finding out what people want and providing it.
C. People do not always get what they need.
D. A price-based system provides few incentives for businesses.Weegy:
B. Business prospers by finding out what people want and providing it.Auto answered|Score .9393|rugmaker|Points 2565|User:
You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of contraction. What is the main subject of this article?
C. the business cycle
D. voluntary exchange Weegy:
C. the business cycleAuto answered|Score 1|rugmaker|Points 2565|User:
A major characteristic of monopolistic competition is that prices will be
A. higher than in perfect competition.
B. lower than in perfect competition.
C. higher than in a true monopoly.
D. unrelated to the type of competition. Weegy:
A. higher than in perfect competition. Auto answered|Score 1|markworley|Points 340|User:
Why do public goods demonstrate the limitations of a free market economy?
A. They allow consumers to make all of the economic decisions.
B. They allow government to make some economic decisions.
C. They allow governments to control most economic decisions.
D. They prevent consumers from making economic decisions.Weegy:
Public goods demonstrate limitations of a free market because B. They allow government to make some economic decisions
]Expert answered|MrG|Points 3531|
Education|No Subcategories|Expert answered|Rating 0| 4/4/2013 8:58:03 PM