What is an example of market power?
A) a fast food restaurant in a university town
B) a wheat farmer in Saskatchewan
C) the last gas station in Manitoba for 200 kilometres
D) a shoe store in Ontario
Correct Answer:
Verified
Q102: What is one component necessary for markets
Q104: Who coined the term "invisible hand"?
A) Adam
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Q114: When people act in their self-interest, what
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Q128: If an externality is present in a
Q131: What can cause market failure?
A) low consumer
Q135: What are two causes of market failure?
A)externalities
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Q139: Which of these consumption activities will most
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