Fill in the blank: Firms in a so-called perfectly competitive market would face a(n) ________ demand curve for their product
A) horizontal
B) upward-sloping
C) vertical
D) downward sloping
A
Economics
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Which of the following is NOT a secondary market?
A) foreign exchange market B) futures market C) options market D) IPO market
Economics
If the supply curve for a product is horizontal, then the elasticity of supply is: a. equal to zero
b. equal to one. c. greater than one but less than infinity. d. equal to infinity.
Economics