Question: Hello, Can someone please help me with these multiple choice economics questions? Question 5 Not yet saved Marked out of 1.00 'F Flag question Which

 Hello,Can someone please help me with these multiple choice economics questions?

Hello,

Can someone please help me with these multiple choice economics questions?

Question 5 Not yet saved Marked out of 1.00 'F Flag questionWhich of the following statements about firms and markets is incorrect? Select

Question 5 Not yet saved Marked out of 1.00 'F Flag question Which of the following statements about firms and markets is incorrect? Select one: O a. Owners and workers in a firm share interest as they both want the firm's success. O b. Contracts for products sold in markets transfer permanently the ownership of a good from the seller to the buyer. O c. Conflict of interest in firms arises as managers do not automatically benefit from their contributions to profits. O d. Economic power is concentrated in owners and managers within a firm. O e. The only way to solve the conflict of interest arising in a firm is to strictly monitor the workers\" performance. Question 6 Choose all correct statements. Not yet saved A. Demand curve represents the willingness to accept of buyers. Marked out of 1.00 B. Supply curve represents the willingness to accept of sellers. Flag C. In a market of identical products where there are many sellers and many buyers, competition eliminates bargaining power in both supply and demand sides. question D. In a market of identical products where there are many sellers and many buyers, sellers are price-setters whereas buyers are price-takers. Select one: O a. B, C, D O b. A, B, C O c. B, C O d. A, B, C, D Oe. B, D

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