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Other Fields Homework Help Economics Topic started by: whipped on May 22, 2017



Title: Which of the following statements is true?
Post by: whipped on May 22, 2017
Which of the following statements is true?
A) A buyer who sets a price so that he can purchase any amount of a good he wants at a fixed price, if he has the money to pay for it, is called a price leader.
B) All buyers in a perfectly competitive market set prices to compete in their market.
C) The relative prices of goods do not affect a consumer's buying decision.
D) A consumer in a perfectly competitive market buys only a tiny fraction of the total amount produced.


Title: Re: Which of the following statements is true?
Post by: Simpleman on May 22, 2017
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