In the Circular Flow Model, Which of the Following Is

question 3

Multiple Choice

In the circular flow model, which of the following is on the selling side in the goods market?

• A) Exporters
• B) Both firms and households
• C) Firms only
• D) Federal, state and local governments
• E) Households only

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Definitions:

Compliance Costs

Expenses that businesses incur to adhere to industry regulations, standards, and laws, including the costs of implementing necessary procedures and reporting.

Horizontal Price-fixing

An illegal agreement between competitors to fix, raise, or lower prices of goods or services at a certain level, stifling competition.

Harper Collins

A major publishing company known for producing a wide range of books, magazines, and digital content across various genres.

Antitrust Cases

Legal disputes that arise when government entities investigate and challenge business practices that threaten to monopolize a market or restrict competition.