Basic Market Models

Quality goods, better substitutes, and business policies

Buyers, sellers, and a venue for exchange (correct)

Producers, sellers, and government regulations

Technology, government laws, and economic freedom

It encourages the entry of new firms with little resources

It has no impact on the market structure

It influences how producers control supply and pricing strategies (correct)

It determines how government laws and policies are enforced

Technological advancements

Government laws and policies (correct)

Business policies and practices

Economic freedom and freedom of movements

<p>It discourages the entry of new firms with little resources</p> Signup and view all the answers