Macroeconomics help with understanding concepts

timer Asked: Sep 12th, 2015

Question description

how about these its confusing but for B I answered No transaction cost and got it wrong and for C I answered Standardized good
b. Cucumbers are the same price at each stall.

Full information.
No transaction costs.
Standardized good.
Participants are price takers.

c. There is no difficulty moving around between stalls as you shop and choosing between farmers.

Standardized good.
Full information.
No transaction costs.
Participants are price takers.

Tutor Answer

(Top Tutor) Studypool Tutor
School: University of Maryland
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors