A horizontal demand curve for a firm implies that
A) the firm is a monopoly.
B) the market the firm is operating in is not competitive.
C) the firm is selling in a competitive market.
D) the products of that firm are very different from other firms' products.
C
Economics
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The automobile market is an example of a perfectly competitive market
a. True b. False
Economics
When a person can pass some of her costs of using a resource on to someone else,
A) the use of the resource is not affected by her actions. B) the internal costs of using the resource exceed the private costs. C) she uses too much of the resource. D) she uses too little of the resource.
Economics