During a sale by auction, the price at which the goods fi...
During a sale by auction, the price at which the goods finally sold is determined mostly by
Competition between buyers and sellers
Competition among buyers
Competition among sellers
Government policy
Correct answer is B
An auction is a sale in which buyers compete for a good by placing bids, and the goods sold to the highest bidder. It is done among competing buyers.
The productivity of labour does not depend only on its own effort and efficiency, but also on I. ...
Many workers are employed in the agricultural sector of developing countries because ...
Examples of joint stock banks are ...
Which of the following best describes the concept of opportunity cost? ...
Choice is necessary because resources ...
Which of the following measures will hinder efficient distribution of goods in West Africa? ...
The term marginal propensity to consume can best be explained as the ...