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Author Question: Identify the correct statement form the following. a. Governance prevents buyers in the market from ... (Read 99 times)

tth

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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


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jsm54321

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

True


tth

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Reply 2 on: Jun 30, 2018
Excellent

isabelt_18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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