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Which of the following is not an assumption that underlies our study of economic markets? A.Participants in the market have understanding of the marginal cost
Which of the following isnotan assumption that underlies our study of economic markets?
- A.Participants in the market have understanding of the marginal cost and benefit of one more unit of supply or consumption
- B.Resources are unlimited
- C.Models are used to describe relationships seen in the market
- D.Markets are made up of rational actors
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Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu
1st Edition
1317577272, 9781317577270
