Sophia Microeconomics

Exam (elaborations) Sophia Microeconomics Unit 3 milestone 3 with correct answers.Sophia Microeconomics Unit 3 milestone 3 with answers.You passed this Milestone 19 questions were answered correctly. 2 questions were answered incorrectly. 1 Which of the following is a trait of a perfectly competitive market?  Barriers to entry exist  Firms are not producing at minimum cost  Information flows freely  Firms are price makers CONCEPT Perfect Competition 2 Average total co...

Sophia Microeconomics Unit 3 milestone 3 with answers.You passed this Milestone 19 questions were answered correctly. 2 questions were answered incorrectly. 1 Which of the following is a trait of a perfectly competitive market?  Barriers to entry exist  Firms are not producing at minimum cost  Information flows freely  Firms are price makers CONCEPT Perfect Competition 2 Average total costs are equal to __________.  marginal cost as production increases  fix...

Microeconomics Final milestone Exam.Complete solution.You passed this Milestone 24 questions were answered correctly. 1 question was answered incorrectly. 1 What is the study of the behavior of consumers and businesses holistically across an economy?  Social science  Microeconomics  Macroeconomics  Civics CONCEPT What is Economics? 2 Which indicators show change at the same time as the economy and thus give a sense of where the economy is in relation to the busines...

Sophia Microeconomics Final Milestone economics questions with answers 2020/21