Author Question: According to your text, competition generally requires A) fixed costs. B) fixed prices. C) ... (Read 72 times)

SO00 · **on:** Jun 29, 2018

According to your text, competition generally requires

A) fixed costs.
B) fixed prices.
C) fixed profits.
D) detailed government regulation.
E) none of the above.

Question 2

According to the authors of your text,

A) society could continue to exist even if people were totally selfish.
B) genuine concern for the well-being of others is essential if any social cooperation at all is to occur.
C) anarchism, or a society without a coercive government, is the only socio-political system consistent with free markets.
D) rules are necessary for government institutions, but not for market institutions.