This topic contains a solution. Click here to go to the answer

Author Question: The demand curve for the output of a perfectly competitive firm is a. perfectly inelastic b. ... (Read 44 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
The demand curve for the output of a perfectly competitive firm is
 a. perfectly inelastic
  b. perfectly elastic
  c. unit elastic
  d. downward sloping
  e. nonlinear

Question 2

A natural monopoly results when a firm has
 a. a license
  b. a patent
  c. official approval to produce a product
  d. decreasing average costs over the range of market demand
  e. exclusive use of a natural resource



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

D




fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
:D TYSM


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library