The demand curve faced by a perfectly competitive firm is:
a. perfectly inelastic.
b. relatively elastic.
c. unit elastic.
d. perfectly elastic.
e. relatively inelastic.
d
Economics
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When all prices are set equal to marginal costs,
a. consumers buy more than they should. b. consumers will get less utility. c. markets are giving correct signals to consumers. d. producers make excessive profits.
Economics
Which of the following is not an important stock exchange in the United States?
a. New York Stock Exchange b. American Stock Exchange c. Chicago Mercantile Exchange d. NASDAQ
Economics