BUS 121 Midterm Study Sheet
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BUS 121 Midterm Study Sheet complete exam questions and answers solution GRADED A+
- Exam (elaborations) • 13 pages • 2021
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BUS 121 Midterm Study Sheet
What occurs when the quantity demanded exceeds the quantity supplied?
A) demand deficit
B) surplus
C) equilibrium point D) shortage
E) supply schedule
Which of the following does NOT represent a degree of competition in a private enterprise system?
A) oligopoly B) socialism
C) monopoly
D) perfect competition
E) monopolistic competition
Page Ref: 14
Which of the following exists when an industry or market has only one producer?
A) competition
B) oligopol...
Exam (elaborations)
BUS 121 Midterm Study Sheet complete exam questions and answers solution GRADED A+
Last document update:
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BUS 121 Midterm Study Sheet What occurs when the quantity demanded exceeds the quantity supplied? A) demand deficit B) surplus C) equilibrium point D) shortage E) supply schedule Which of the following does NOT represent a degree of competition in a private enterprise system? A) oligopoly B) socialism C) monopoly D) perfect competition E) monopolistic competition Page Ref: 14 Which of the following exists when an industry or market has only one producer? A) competition B) oligopol...
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