Author Question: Identify the correct statement form the following. a. Governance prevents buyers in the market from ... (Read 121 times)

tth · **on:** Jun 30, 2018

Identify the correct statement form the following.
a. Governance prevents buyers in the market from switching between sellers.
b. The cost of ending a relationship with a buyer in the market is always high for sellers.
c. Goods and the parties involved in market transactions are not interchangeable.
d. At market-clearing prices participants can rest assured that shortages or surpluses will not frustrate their expectations.

Question 2

The difference between average total cost and average variable cost decreases with an increase in output.
a. True
b. False
Indicate whether the statement is true or false