In a perfectly competitive market with 75 non-identical firms producing at market price p1
A) the supply curve is flatter than if there were only 35 identical firms.
B) the supply curve is more elastic than if there were only 25 identical firms.
C) the supply curve is more inelastic than if the firms were identical.
D) All of the above.
D
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If your bank receives a checkable deposit of $20,000 cash, and the banking system makes loans totaling $60,000 . the maximum possible, then the money multiplier must be:
a. 2. b. 2.5. c. 3. d. 3.5. e. 4.
In Year 1, the actual budget deficit was $200 billion and the cyclically-adjusted deficit was $150 billion. In Year 2, the actual budget deficit was $225 billion and the cyclically-adjusted deficit was $175 billion. It can be concluded that fiscal policy from Year 1 to Year 2 became more:
A. Proportional B. Progressive C. Contractionary D. Expansionary