An economy without money would have no exchanges of goods and services.
Indicate whether the statement is true or false
Question 2
Most supermarkets charge the same price for the majority of goods sold. This suggest that
A) the large supermarket chains are price leaders and smaller grocers take these prices as given.
B) mark-ups reflect the degree of competition in the supermarket industry.
C) supermarkets have colluded to fix prices on most of the goods sold.
D) the government regulates prices of most products sold in supermarkets.
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