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For a Single Country to Influence the Price of a Particular

Question 89

Multiple Choice

For a single country to influence the price of a particular good in the world market:


A) the country must be considered a price taker.
B) the quantity of the good produced and consumed by the country must be small relative to the total amount bought and sold worldwide.
C) the quantity of the good produced and consumed by the country must be large relative to the total amount bought and sold worldwide.
D) the country must be large relative to other nations in the world.

Correct Answer:

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