Which of the following is an ideal condition for a free market?
A) There are no parties,institutions,or governmental units regulating the quantity of the goods being bought or sold in the market.
B) There are many buyers and many sellers,and all of them have a substantial share of the market.
C) All the buyers and sellers in the market are free to leave the market but there are entry barriers.
D) All buyers have full knowledge of what other buyers and sellers are up to including quantity of goods sold,but not the prices and quality of goods being sold.
E) The participants in the market have strong preferences as to which seller or buyer they would deal with.
Correct Answer:
Verified
Q1: Which of the following is the first
Q2: Under the FOIA, it is not legally
Q6: In Bivens v. Six Unknown Federal Narcotics
Q7: Which of the following is a criticism
Q8: The appropriations clause of Article I says
Q9: The Paperwork Reduction Act gives power to
Q11: Agencies can go directly to Congress for
Q12: The mistakes of the government are generally
Q13: In a free market,there are no parties,institutions,or
Q15: Which of the following is true about
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents