Prices serve as a key means of communication between buyers and sellers

Indicate whether the statement is true or false

TRUE

Economics

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A monopolist's demand curve is less elastic than a perfect competitor's demand curve

a. True b. False Indicate whether the statement is true or false

Economics

When the APC is greater than one,

A. the APS is negative. B. the APS is zero. C. the APS is positive. D. the APS may be positive, zero or negative.

Economics