It is a "given" that an individual firm selling in a perfectly competitive market will take the market price because
A. there are no good substitutes for the firm's product.
B. product differentiation is reinforced by extensive advertising.
C. the firm's demand curve is downward-sloping.
D. each producer supplies a negligible fraction of total market.
Answer: D
Economics
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The U.S. labor movement started with
A) aerospace workers unions. B) industrial unions. C) craft unions. D) depression unions.
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Explain why some people who are applying for a job at a bank dress up, arrive early, and have their paperwork neatly completed for the job interview
What will be an ideal response?
Economics