Identify the correct statement form the following. a. Governance ...

[tth]

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

[jsm54321]

Answer to Question 1

D

Answer to Question 2

True

[tth]

Thanks for the timely response, appreciate it

[tandmlomax84]

TYSM