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8 Mar 2021
Markets explained on the basis of supply and demand:
A. assume many buyers and many sellers of a standardized product.
B. assume market power so that buyers and sellers bargain with one another.
C. does not exist in the real-world economy.
D. are approximated by markets in which a single seller determines the price.
Markets explained on the basis of supply and demand:
A. assume many buyers and many sellers of a standardized product.
B. assume market power so that buyers and sellers bargain with one another.
C. does not exist in the real-world economy.
D. are approximated by markets in which a single seller determines the price.
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