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In markets, prices move toward equilibrium because of
a. the actions of buyers and sellers.
b. government regulations placed on market participants.
c. increased competition among sellers.
d. buyers' ability to affect market outcomes.

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Bunny Greenfelder
Bunny GreenfelderLv2
22 Feb 2020

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Related questions

Which condition will encourage competition when government serving as the only supplier of goods to consumer?

a. Government licensing requirements in order to enter an industry

b. The freedom of sellers and buyers to enter or exit an industry

c. A small number of buyers and sellers in a market

Which of the following characteristics does not apply to perfectly competitive markets?
Ā 
a. Companies can enter and exit the market easily
b. Sellers in the market are price-takers
c. The number of buyers and sellers is small
d. Buyers and sellers have complete information about the identical products of all

Market failure is the inability of

a. buyers to interact harmoniously with sellers in the market.

b. a market to establish an equilibrium price.

c. buyers to place a value on the good or service.

d. some unregulated markets to allocate resources efficiently

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