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