The correct answer to this question is choice A.
The definition of Imperfect Competition is when there is a situation in a market where there are features of a competitive market, but also characteristics of a monopoly. The other three choices are characteristics of a competitive market.
Answer:
D. The outlet substitution bias injects an upward bias into the CPI
Explanation:
Aggregate demand will decrease by $900 billion.
The overall demand for finished goods and services in an economy at a certain period is known as aggregate demand (AD) or domestic final demand (DFD) in the field of macroeconomics. Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output. It details the volume of goods and services that will be bought at every price point. The aggregate demand is made up of investment, corporate and governmental expenditures, consumer spending, and net exports. Real output is represented on the horizontal axis and the price level is plotted on the vertical axis to represent the aggregate demand curve. Although it is presumed to be downward sloping, the Sonnenschein-Mantel-Debreu findings demonstrate that the curve's slope
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True, intermediaries add costs to products, but they also add such as convenience and assortment.
<h3>What are financial intermediaries ?</h3>
In every financial transaction, financial intermediaries operate as a middleman between two parties. A good illustration would be a bank, which performs a variety of functions, including acting as a go-between for lenders and borrowers and gathering cash for investments.
Banks and other financial intermediaries make it possible for capital to pass hands in a particular transaction. Typically, both the customer and the business pay a price for this. Physical storage and shipment require a lot of resources and time, adding to the transaction's expenses.
Hence, True is an appropriate response.
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