Which of the following is NOT true of a perfectly competitive firm?
A. It sells only a small fraction of the total quantity exchanged in the market.
B. It seeks to maximize revenue.
C. It faces a perfectly elastic demand curve.
D. It is unable to influence the price of the good it sells.
Answer: B
Economics
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A) physical capital. B) land or natural resource. C) human capital. D) labor.
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The velocity of money is the average number of times per year that what occurs?
a. The quantity of money increases b. The supply of money changes c. Each dollar is used to purchase final goods and services d. The Federal Reserve changes the Federal Funds Rate
Economics