Fill in the blank. A(n) ________ market requires perfect and ...

[Yi-Chen]

Fill in the blank. A(n) ________ market requires perfect and complete information among all participants.
 
  A) monopolized
  B) oligopolized
  C) perfectly competitive
  D) effective

Question 2

A person who has an absolute advantage in the production of all goods will
 
  A) also have a comparative advantage in the production of all goods.
  B) not be able to gain from specialization and exchange.
  C) have a production possibilities frontier with a constant slope.
  D) have a comparative advantage in the production of some goods but not in the production of others.

[Amiracle]

Answer to Question 1

C

Answer to Question 2

D

[Yi-Chen]

Thanks for the timely response, appreciate it

[hollysheppard095]

Excellent