In perfect competition, firms are price makers

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

False

Economics

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A recognition lag:

What will be an ideal response?

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A quota is

A) a government-imposed restriction on the quantity of a specific good that can be imported into a country. B) a tariff imposed on goods that are dumped into the home country. C) a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. D) a tariff based on the value of the imported good.

Economics