If a firm has a perfectly elastic demand curve, then:
a. it must be a monopoly firm.
b. it can charge any price it desires.
c. the firm has significant market power.
d. the firm has no market power.
e. the firm should shut down.
d
Economics
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Owners of ________ have unlimited liability
A) partnerships and corporations B) corporations C) proprietorships and partnerships D) partnerships, proprietorships, and corporations
Economics
A recent study by economists at the Federal Reserve Bank of New York estimates that over the period from 1970 to 2013, the average college graduate earned ________ more per year than the average person who had only a high school degree
A) $5,750 B) 13,275 C) $23,500 D) $44,400
Economics