Answered: I. Assumptions. Please underline the…

I. Assumptions. Please underline the right answer. There are (few/many) buyers and sellers. The products are (similar/different) Hence, the buyers and sellers are price-(maker/taker)

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter11: Marketing And Distribution

Section: Chapter Questions

Problem 20AA

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I. Assumptions. Please underline the right answer.

There are (few/many) buyers and sellers.
The products are (similar/different) Hence, the buyers and sellers are price-(maker/taker)

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only part d please.