Under conditions of perfect competition, AR and MR
a. are represented by a straight vertical line.
b. diverge.
c. are represented by a straight horizontal line.
d. are represented by an upward sloping line.
c. are represented by a straight horizontal line.
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A period of time against which costs of the market basket in other periods will be compared in computing a price index is called
A. the inflation period. B. the market basket. C. the adjustment period. D. the base period.
Diversifying
a. increases the standard deviation of the value of a portfolio indicating its risk has increased. b. increases the standard deviation of the value of a portfolio indicating its risk has decreased. c. decreases the standard deviation of the value of a portfolio indicating its risk has increased. d. decreases the standard deviation of the value of a portfolio indicating its risk has decreased.