When a firm faces a horizontal demand curve,
A) the marginal cost curve is upward sloping.
B) the market price is also the firm's marginal revenue.
C) the market demand curve is also a horizontal line at the market price.
D) entry by new firms is unlikely.
Correct Answer:
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Q86: In a market with perfectly competitive firms,
Q87: Firms in perfect competition are often described
Q88: Which of the following most resembles a
Q89: One of the following is not a
Q90: Which of the following characteristics does not
Q92: For a perfectly competitive firm, marginal revenue
Q93: Which of the following is a characteristic
Q94: Which requirement for perfect competition rules out
Q95: Which of the following markets most closely
Q96: A perfectly competitive firm is a price
A)giver.
B)taker.
C)maker.
D)leader.
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