Multiple Choice
What do economists call firms that face downward-sloping demand curves for their output in the product market?
A) Price takers
B) Price dictators
C) Monopolists
D) Price makers
Correct Answer:
Verified
Related Questions
What do economists call firms that face downward-sloping demand curves for their output in the product market?
A) Price takers
B) Price dictators
C) Monopolists
D) Price makers
Correct Answer:
Verified