Many used car owners and used car dealers describe their different cars for sale in the local newspapers and list their asking price.Many people shopping for a used car consider the different choices listed in the paper.The market for used cars could be described as
A) relatively competitive.
B) perfectly competitive.
C) non-competitive.
D) having high transaction costs.
Correct Answer:
Verified
Q2: In the absence of any government regulation
Q3: If a firm operates in a perfectly
Q4: If all conditions for a perfectly competitive
Q5: If a firm operates in a perfectly
Q6: In a perfectly competitive market,
A) firms can
Q7: In a competitive market,if buyers did not
Q8: Which of the following are NOT characteristics
Q9: The perfectly competitive model makes a lot
Q10: The demand curve that an individual competitive
Q11: A special license is required to operate
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