The classical framework is based on which of the following assumptions?
A)many firms in the economy
B)no single firm can control prices
C)in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The classical framework is based on the assumptions of many firms in the economy, no single firm can control prices, and in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded. Therefore, option D is the correct choice.

The Classical Framework Is Based on Which of the Following