Firms in output markets and in input markets.

A. demand; supply
B. demand; demand
C. supply; supply
D. supply; demand
Households in output markets and in input markets.

A. supply; demand
B. supply; supply
C. demand; supply
D. demand; demand

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

What is the sequence of events that could lead to trade surplus