In a(n)_____,all market activity goes unreported either to avoid taxes or because the activity is illegal.

Question

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The underground economy refers to market activity that goes unreported, either to avoid taxes or because the activity is illegal. Natural monopoly refers to a situation where one firm can supply the entire market at a lower cost than multiple firms, collusive oligopoly refers to a situation where a few firms collude to act as if they were a monopoly, representative democracy refers to a system of government where citizens elect representatives to make decisions on their behalf, and direct democracy refers to a system of government where citizens make decisions directly through a vote. None of these options accurately describe the concept of an underground economy.

In A(n)_____,all Market Activity Goes Unreported Either to Avoid Taxes