The perfect competitor has a perfectly elastic demand curve
A) only in the short run.
B) only in the long run.
C) in both the short run and the long run.
D) in neither the short run nor the long run.
Correct Answer:
Verified
Q70: Q71: A perfect competitor would Q72: Which statement is true? Q73: Perfect competitors operate at peak efficiency in Q74: The profit-maximizing perfect competitor will produce at Q76: Under perfect competition there must be Q77: Which statement is true?
A)never charge above market
A)The perfect competitor has
A)both
A)perfect mobility
A)A firm will operate
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