Author Question: Perfect competition implies that A) there are many firms in the market. B) all firms are price ... (Read 147 times)

naturalchemist · **on:** Jun 29, 2018

Perfect competition implies that

A) there are many firms in the market.
B) all firms are price takers.
C) all firms are producing the same identical product.
D) All of the above answers are correct.

Question 2

The growth theory that predicts perpetual economic growth is

A) classical growth theory.
B) neoclassical growth theory.
C) the new growth theory.
D) real growth theory.