Market competition ends when there is no buyer-versus-buyer competition and no seller-versus-seller competition. This is an equilibrium. An equilibrium is a. good for everyone b. bad for everyone C. simply a fact regardless of whether buyers or seller like or dislike it d. fair for both buyers and sellers e. a normative concept with positive benefit for all

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Market competition ends when there is no buyer-versus-buyer
competition and no seller-versus-seller competition. This is an
equilibrium. An equilibrium is
a. good for everyone
b. bad for everyone
C. simply a fact regardless of whether buyers or seller like or dislike
it
d. fair for both buyers and sellers
e. a normative concept with positive benefit for all
Transcribed Image Text:Market competition ends when there is no buyer-versus-buyer competition and no seller-versus-seller competition. This is an equilibrium. An equilibrium is a. good for everyone b. bad for everyone C. simply a fact regardless of whether buyers or seller like or dislike it d. fair for both buyers and sellers e. a normative concept with positive benefit for all
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