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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10bf9427-8911-4e4d-a6e4-34599b52cc8d%2F4ac22ddc-4946-483a-b2a8-a4d733d5e5a6%2Fqwdvmmu_processed.jpeg&w=3840&q=75)
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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