Acommon market allows the imposition of common external trade barriers against non-members represents less economic integration than a free trade area does not permit free movement of goods among member nations does not allow free movement of factors of production among nations

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Because the demand for wheat tends to be inelastic. true or false

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less