A firm selling in a price-takers' market
A) can reduce its price without thereby lowering its marginal revenue.
B) can reduce its price without thereby lowering its total revenue.
C) faces a perfectly elastic demand curve.
D) has marginal costs equal to marginal revenue at all levels of output.
C
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If an investment of $100 million from the United Kingdom is made in the United States, the $100 million is listed as a ________ entry in the ________ account
A) negative; current B) negative; capital and financial C) positive; capital and financial D) positive; official settlements E) positive; current
We calculate many different kinds of price indexes:
A. in order to capture a complete picture of how price changes are affecting the economy. B. to see how the prices of different groups of goods are changing. C. to measure how different groups of people in the economy are being affected by changing prices. D. All of these statements are true.