A firm in a ______________ faces a __________ demand curve
a. perfectly competitive market; perfectly inelastic
b. perfectly competitive market; perfectly elastic
c. monopoly market; perfectly elastic
d. monopoly market; horizontal
b
Economics
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If you were a government official that wanted to raise the equilibrium price of milk, which of the following actions would you take?
a. Take milk from government storage and sell it. b. Encourage farmers to produce more milk. c. Subsidize purchases of dairy equipment. d. Encourage farmers to produce less milk.
Economics
Which of the following is most influenced by changes in the discount rate?
a. the interest rate paid on savings b. the commercial loan rate c. the installment loan rate d. the mortgage loan rate
Economics