If a used-car dealer suffers economic losses, then
A) as a group, its customers were necessarily made worse off.
B) as a group, its competitors necessarily enjoyed economic profits.
C) it must pass its losses onto its future customers.
D) none of the above is true.
Question 2
Which of the following markets has a single firm?
A) Perfect competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly
