Which of the following is characteristic of a firm that is a competitive price searcher?
a. The firm faces an upward-sloping demand curve.
b. The firm faces an inelastic demand curve.
c. The firm faces a horizontal demand curve.
d. The firm produces a differentiated product.
D
Economics
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Which of the following is likely to have the shortest long run?
A) a nail salon B) a construction firm C) an electric company D) a container ship operations company
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If oranges were found to cure cancer
A) the equilibrium price of apples would likely fall. B) the equilibrium price of oranges would likely increase in the near term. C) the equilibrium quantity of oranges would likely increase. D) All of the above.
Economics