The demand curve facing a perfectly competitive firm is:
A) perfectly inelastic.
B) perfectly elastic.
C) unit elastic.
D) downward sloping.
Correct Answer:
Verified
Q29: Which one of the following is not
Q30: Firms in perfectly competitive markets:
A) are price
Q31: A perfectly competitive firm faces a demand
Q32: Marginal revenue is:
A) the additional cost incurred
Q33: Which of the following is a characteristic
Q35: In the perfectly competitive model,all firms are
Q36: Which of the following is a characteristic
Q37: Which of the following most closely resembles
Q38: Which of the following best resembles a
Q39: The perfectly competitive model assumes that:
A) individual
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