We all behave as speculators in our economic transactions A) ...

[nautica902]

We all behave as speculators in our economic transactions
 
  A) because everyone likes to gamble.
  B) because we all act in the hope of benefits from a correct anticipation of future events.
  C) unless we never buy on credit.
  D) unless we use the services of middlemen.

Question 2

Fill in the blank: A producer in a ________ market environment would enjoy total market power.
 
  A) perfectly competitive
  B) oligopolistic
  C) pure monopoly
  D) price-taking

[bd5255]

Answer to Question 1

B

Answer to Question 2

C

[nautica902]

Thanks for the timely response, appreciate it

[Liamb2179]

Excellent