When a producer's demand curve is a horizontal straight line, we know that
a. market demand is horizontal as well
b. there is considerable brand loyalty for the producer's good
c. the producer is a monopolist
d. the producer has significant market share
e. the producer is in a perfectly competitive industry
E
Economics
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If the labor demand curve shifts to the right due to a government policy during a recession, and if wages are flexible, ________
A) real wages will increase B) real wages will decrease C) prices will fall D) unemployment will increase
Economics
Which of the following is NOT a goal of financial regulation?
A) ensuring the soundness of the financial system B) reducing moral hazard C) reducing adverse selection D) ensuring that investors never suffer losses
Economics