Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line.
b. Firms must sell at or below market price.
c. Marginal revenue is equal to price.
d. both b and c
e. both a and b
d
Economics
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In the market for French wines, an increase in demand is illustrated by:
A) a movement up the demand curve. B) a movement down the demand curve. C) a shift of the demand curve to the left. D) a shift of the demand curve to the right.
Economics
Briefly discuss the risks of unexpected changes in exchange rates and how these risks affect the use by a multinational enterprise (MNE) of borrowing foreign currency to fund its foreign affiliates.
What will be an ideal response?
Economics