The classical framework is based on what assumption(s):________.
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 that there are 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, all of the above options are correct.

The Classical Framework Is Based on What Assumption(s):________