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A situation in which quantity supplied is greater than quantity demanded
Choose an answer
1 Monopoly 2 mixed economy
3 fixed costs 4 Surplus
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Terms in this set (30)
A market in which there are many buyers but only one
Monopoly
seller.
A market structure in which a few large firms dominate a
Oligopoly
market
Goods, such as clean air and clean water, that everyone
public goods
must share.
the act of buyers and sellers freely and willingly
voluntary exchange
engaging in market transactions