The slope of a line parallel to the horizontal axis is:

a. 1.
b. 0.
c. infinite.
d. undefined.

b

Economics

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Indicate whether the statement is true or false

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In the short run, a perfectly competitive firm NEVER

A) earns an economic profit. B) incurs a loss greater than its total fixed costs. C) produces where MR = MC. D) earns a normal profit.

Economics