The term? "market" in economics refers to
a. a place where money changes hands.
b. an organization which sells goods and services.
c. a legal institution where exchange can take place.
d. a group of buyers and sellers of a product and the arrangement by which they come together to trade.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The term? "market" in economics refers to a. a place where money changes hands. b. an organization which sells goods and services. c. a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
K Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $910,000 for factory utilities. The company uses direct labor hours as its overhead allocation base.
Answers (1)
A monopolistically competitive firm is operating in the short run at the optimal level of output and is earning negative economic profits. Which expression must be TRUE for this firm?
Answers (1)
Paul works as a registered representative for Broker-Dealer X and also works as a financial planner under Broker-Dealer X's control. Paul's only source of compensation are commissions for trades that are executed.
Answers (1)
Tuition of $2200 is due when the spring term begins, in What amount should a student deposit today, at to have enough to pay tuition?
Answers (1)
Statement of Retained Earnings TriCycle, Corp. began the year 2008 with $25 million in retained earnings. The firm earned net income of $7.5 million in 2008 and paid $1.05 million to its preferred stockholders and $3.
Answers (1)
New Questions in Business
Write a Letter to Congress in favor of Economy Standards.
Answers (1)
A company's products had sales of $750,000 and total costs of $360,000. If the net operating income for the company was $215,000, total overhead costs not assigned to products was ___ $.
Answers (1)
What factors does the government consider in deciding whether to approve the merger?
Answers (1)
John is responsible for processing applications submitted by applicants. He is performing which level of management?
Answers (1)
Carson company on july 15 sells merchandise on account to tayler co. for $2,000, terms 2/10, n/30. on july 20 tayler co. returns merchandise worth $800 to carson company. on july 24 payment is received from tayler co. for the balance due.
Answers (1)