The number of Mexican pesos required to buy the same number of goods and services in Mexico as one U.S. dollar buys in the United States is a description of the ________ exchange rate

What are the two techniques to optimization? How do the techniques differ?

What will be an ideal response?

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.