Comparing the shape of the industry and individual demand curve in perfect competition,
A) the industry demand curve is horizontal and the individual firm's demand curve is downward sloping.
B) the industry demand curve is downward sloping and the individual firm's demand curve is horizontal.
C) both the industry and individual firm's demand curves are downward sloping.
D) both the industry and individual firm's demand curves are horizontal.
Correct Answer:
Verified
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A)The perfect competitor is
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A)is 70 units.
B)is
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A)help create perfect mobility in
Q185: The firm's most efficient output would be
A)50.
B)80.
C)90.
D)100.
E)120.
Q186: Marginal revenue at the profit-maximizing/loss-minimizing amount is
A)$5.
B)$6.
C)$7.
D)$8.
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