Answer:
Mass market paperbacks are cheaper and smaller than trade paperbacks.
Explanation:
A market for existing financial securities that are currently traded among investors is called the Secondary market.
A secondary market is a market for the purchase and sale of existing securities or other assets. They differ from primary markets, where the assets were created. Generally, most investors will only trade on secondary markets.
Transactions in the secondary market are undertaken with other investors rather than the security issuer. The procedure is comparable to buying products from the classifieds or a used car from a dealership rather than the manufacturer.
Stocks and bonds purchased in a retirement plan or through a brokerage account, for example, are traded on secondary markets.
Assume you have two portfolios: one through an employee stock ownership plan and the other through a discount brokerage. The main market transaction occurs when you purchase stock directly from the corporation, like in the first plan. It is a secondary market transaction when you buy in a discount brokerage account through stock exchanges.
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A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
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Answer:
c. adjust in a natural way to bring the markets for goods and labor intoequilibrium
Explanation:
A classical economy operates under the logic of the competitive market in which the interaction between supply and demand determines price and quantity traded. Consumers are rational and their consumption choices will depend on their needs and price. The firm, in turn, will choose to produce when the price is attractive. Thus, price acts as a vector of supply and demand adjustments. In situations of increased demand, price and supply will increase. In situations of low demand, the price decreases and the supply also, until a equilibrium. The same reasoning goes for the job market. The wage will be the adjustment price between supply and demand for work.
