A firm that faces a downward sloping demand curve is known as a
A) price taker.
B) utility maximizer.
C) price searcher.
D) perfect competitor.
Answer: C
Economics
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An increase in the interest rate leads to:
a. an increase in planned inventories. b. an increase in GDP. c. an increase in unplanned inventories. d. an increase in consumption. e. none of the above.
Economics
The concept of a "political business cycle" suggests that a possible cause of macroeconomic instability is due to the use of fiscal policy for political purposes.
Answer the following statement true (T) or false (F)
Economics