Which of the following observations is not true?
a. Demand curve of the perfectly competitive firm is perfectly elastic.
b. There is only one price for a product in a perfectly competitive market.
c. A firm in a perfectly competitive market can sell as much as it wants at market price.
d. Demand curve of the perfectly competitive industry is perfectly elastic.
d
Economics
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Refer to the above table. If the price is $6 the maximum profit this firm could earn is
A) $210. B) $414. C) $420. D) $630.
Economics
Figure 14-8
Refer to . At an interest rate of 4 percent there is excess
a.
money demand equal to the distance between a and b.
b.
money demand equal to the distance between b and c.
c.
money supply equal to the distance between b and a.
d.
money supply equal to the distance between c and b.
Economics