An individual seller in perfect competition will not sell at a price lower than the market price because
A) the seller can sell any quantity she wants at the prevailing market price.
B) demand for the product will exceed supply.
C) the seller would start a price war.
D) demand is perfectly inelastic.
A
Economics
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The opportunity cost of the financial resources used to finance the purchase of capital is
A) the price of the capital goods purchased. B) the real interest rate. C) the quantity of investment demanded. D) the supply of investment. E) capital investment.
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A firm selling a good which lacks any good substitutes is called a(n)
a. pure monopoly. b. price discriminator. c. exclusive monopoly. d. natural monopoly.
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