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A competitive economy assumes the existence in each industry of a: (Points : 1) A: large number of small firms facing a large number of small buyers. B: few large firms facing a large number of small
buyers. C: large number of small firms facing a few large buyers. D: few small firms facing a few small buyers.
A: large number of small firms facing a large number of small buyers.
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Original conversation
User: A competitive economy assumes the existence in each industry of a: (Points : 1) A: large number of small firms facing a large number of small buyers. B: few large firms facing a large number of small buyers. C: large number of small firms facing a few large buyers. D: few small firms facing a few small buyers.

Weegy: A: large number of small firms facing a large number of small buyers.
Sunshiineluv|Points 668|

User: Economic profits and losses: (Points : 1) are both considered by economists to be a part of production costs. are essential to the reallocation of resources from less desired goods to more desired goods. have no influence on the composition of the domestic output. equalize the distribution of income in the long run.

Weegy: The answer is: b. are essential to the reallocation of resources from less desired goods to more desired goods.
Koolsum|Points 1427|

User: What is your definition of the principle of marginal analysis?





Weegy: The process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative. [ Marginal analysis supports decision-making based on marginal or incremental changes to resources instead of one based on totals or averages. Read more: ]
Expert answered|Tyrean5|Points 0|



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Asked 7/21/2012 6:41:45 PM
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