Characterization of markets

Each and every market is characterized by: (i) Widespread advertising, marketing, and sales promotions. (ii) Demands from each and every individual for all products. (iii) Potential buyers ready to pay and potential sellers ready to supply. (iv) Government licenses prior to exchanges can take place. (v) Extended negotiations for each and every transaction.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Minimizes economic losses by

When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the r

Q : Total revenue on profit-maximizing

Total revenue roughly for the profit-maximizing lumber mill equivalents: (i) $1700 daily. (ii) $2500 daily. (iii) $3500 daily. (iv) $4590 daily. (v) $6000 daily.

Q : Shift in demand curve Describe the

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to supp

Q : Farm maximizes profit of producing at

When the wholesale price P = $3 per dozen increased, this purely competitive increased farm maximizes profit with producing ___ dozen increased at a total (loss or profit) of $___. (i) zero; loss; $2000. (ii) 2000; loss; $1500. (iii)

Q : External costs and external benefits

Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)

Q : Chain of effects-Market Equilibrium

Market for goods is in equilibrium. There is an increase in demand for this good. Describe the chain of effects of this change. Elucidate with the help of diagram.

Q : Lexicographic preference ordering I

I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.

Q : Analytic Time-The Market Period I have

I have a problem in economics on Analytic Time-The Market Period and Products Flow Model. Please help me in the following question. According to the Alfred Marshall, the period of time so short that output is fixed is: (1) Chronological run. (2) Marke

Q : In-Kind Transfer Payments Medicare,

Medicare, rent subsidies, Medicaid, and food stamps are examples of: (w) transfers in-kind. (x) cash transfers. (y) human capital programs. (z) negative income taxes. Can anybody suggest me the proper explanation for given problem

Q : Financial Asset of Annual Income

Perpetuity is a: (w) life insurance policy which matures upon retirement. (x) nondepreciable piece of capital. (y) financial asset which pays its owner an annual income forever. (z) pyramid scheme as a chain letter.

Discover Q & A

Leading Solution Library

Avail More Than 1425057 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926087
Asked

3,689

Active Tutors

1425057

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment