Market Structure Is Determined By

question 122

Multiple Choice

Market structure is determined by:

• A) The equilibrium price in a specific market.
• B) The level of government regulation in a specific market.
• C) Whether or not a firm is able to alter its output.
• D) The number and relative size of firms in an industry.

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Definitions:

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered or used, but not yet paid for.

Foreign Currency Units

Units of foreign currency that are used as a medium of exchange for international transactions or investments.

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.