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 49 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
Excellent


dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

For a complete list of videos, visit our video library