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SPP24 SPP24
wrote...
Posts: 454
5 years ago

Question 1.

The market price of a factor of production that is in fixed supply is determined only by demand.

• true

• false

Question 2.

A monopsony is a term used to refer to a firm that is the sole seller of a good or service.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 48 times
2 Replies

Related Topics

Replies
wrote...
5 years ago

Answer 1

true

Answer 2

false
SPP24 Author
wrote...
5 years ago
Thanks
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