In order for a firm to face a perfectly elastic demand curve,it must
A) be a large firm selling a standardized product
B) be a small producer selling a standardized product
C) be a small producer;its product may or may not be standardized
D) be a large producer selling a non-standardized product
E) sell a standardized product,but the size of the firm is irrelevant
Correct Answer:
Verified
Q54: If a firm is operating in a
Q55: A perfectly competitive firm's marginal revenue
A)curve is
Q56: Q57: For a perfectly competitive firm, Q58: The change in a firm's total revenue Q60: Under perfect competition,the demand curve facing a Q61: The firm will do best if it Q62: If a firm's marginal revenue exceeds its Q63: If average variable cost exceeds price for Q64: A perfectly competitive firm produces in a
A)marginal revenue is
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