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Author Question: In a goods market, sellers have higher bargaining power if: A) the good being traded has close ... (Read 72 times)

NguyenJ

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on: Jun 29, 2018
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


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johnpizzaz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


NguyenJ

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sultana.d

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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