The fact that a perfectly competitive firm has a perfectly elastic demand curve means
A) there is no limit to the firm's profits.
B) there is no limit to the firm's revenues.
C) that it can sell all it wants at any price.
D) None of the above
B
Economics
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Refer to the scenario above. The interest that you will earn, after a year, is equal to:
A) $10. B) $30. C) $32.24. D) $52.
Economics
Which of the following would not cause the demand curve for college football tickets to shift?
a. an increase in the price of professional football tickets b. a decrease in the price of college basketball tickets c. an increase in the price of college football tickets d. a drop in student incomes e. an increase in student preferences for college football tickets
Economics