According to your text, competition generally requires A) ...

[SO00]

According to your text, competition generally requires
 
  A) fixed costs.
  B) fixed prices.
  C) fixed profits.
  D) detailed government regulation.
  E) none of the above.

Question 2

According to the authors of your text,
 
  A) society could continue to exist even if people were totally selfish.
  B) genuine concern for the well-being of others is essential if any social cooperation at all is to occur.
  C) anarchism, or a society without a coercive government, is the only socio-political system consistent with free markets.
  D) rules are necessary for government institutions, but not for market institutions.

[Zebsrer]

Answer to Question 1

E

Answer to Question 2

B

[SO00]

Thanks for the timely response, appreciate it

[nathang24]

Excellent