The perfect competitor's demand curve is perfectly elastic
A) only in the short run.
B) only in the long run.
C) in both the short and the long run.
D) in neither the short nor the long run.
Correct Answer:
Verified
Q164: A firm's most efficient output is
A)always its
Q165: In the long run the perfect competitor's
Q166: Which of the following is a characteristic
Q167: Which is the most accurate statement?
A)There are
Q168: In the long run the perfect competitor
Q170: Statement I.Under perfect competition the firm's demand
Q171: Sarah's Bargain Store,a perfect competitor,made an economic
Q172: Statement I.The perfect competitor is a price-taker,not
Q173: If the perfectly competitive firm withholds some
Q174: If perfect competitors are making profits in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents