One Assumption of the Supply and Demand Model Is That

question 28

Multiple Choice

One assumption of the supply and demand model is that:

• A) several large sellers can raise prices by restricting output.
• B) buyers with bargaining power are able to receive quantity discounts.
• C) all of the goods in the market sell for the same price.
• D) larger firms sell their products at lower prices than smaller firms.

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Definitions:

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