In a goods market, sellers have higher bargaining power if: A) ...

[NguyenJ]

In a goods market, sellers have higher bargaining power if:
 
  A) the good being traded has close substitutes.
  B) there are several firms in the industry.
  C) there are just a few firms in the industry.
  D) there are just a few buyers in the market.

Question 2

________ economics is analysis that generates objective descriptions or predictions about the world that can be verified with data.
 
  A) Positive
  B) Negative
  C) Marginal
  D) Normative

[johnpizzaz]

Answer to Question 1

C

Answer to Question 2

A

[NguyenJ]

Wow, this really help

[tuate]

Thanks for the timely response, appreciate it