Author Question: If Mark tries to purchase a new refrigerator in a perfectly competitive market, then A) he will ... (Read 32 times)

Kikoku · **on:** Jun 30, 2018

If Mark tries to purchase a new refrigerator in a perfectly competitive market, then

A) he will have a very limited ability to negotiate over the price.
B) he will have only a few sellers available to him.
C) he will see large differences in the types of refrigerators sold across sellers.
D) he will find himself constantly haggling with sellers over the price.
E) None of the above is correct.

Question 2

The larger the marginal propensity to consume

A) the smaller the multiplier is. B) the larger the multiplier is.
C) the smaller autonomous consumption is. D) the larger the marginal propensity to save is.