A perfectly competitive firm has no influence over price because: ...

[codyclark]

A perfectly competitive firm has no influence over price because:
 a. its output is insignificant relative to the market as a whole.
  b. antitrust laws constrain perfectly competitive firms.
 c. consumers establish the prices of products.
 d. it is unaware of the demand curve it faces.

Question 2

When natural resources are commonly owned, the exhaustion of these resources are evenly spread over current and future periods.
 a. True
  b. False
  Indicate whether the statement is true or false

[bfulkerson77]

Answer to Question 1

a

Answer to Question 2

False