Answered: The quantity of goods and services that…

The quantity of goods and services that a person, business, or company is willing to offer at a specific price at a given time is known as _____. A. supply B. profit motive C. revenue D. a market

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 4CQQ

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Concept explainers

Imperfect Competition

Imperfect competition is relatively easier to understand once people have the knowledge of perfect competition. When the five conditions of perfect competition are not made, that market structure is said to be imperfect competition.

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The quantity of goods and services that a person, business, or company is willing to offer at a specific price at a given time is known as _____.

A.	supply
B.	profit motive
C.	revenue
D.	a market

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