Compared to a monopolist, the demand curve for a perfectly competitive firm will be
A. as elastic.
B. less elastic.
C. unitary elastic.
D. more elastic.
Answer: D
Economics
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Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?
a. An unanticipated increase in aggregate demand. b. An anticipated increase in aggregate demand. c. An increase in long run aggregate supply (LRAS). d. An increase in wage rates
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The natural rate of unemployment occurs if there is no
What will be an ideal response?
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