A competitive firm's short-run supply curve is perfectly elastic.

« previous next »

Author Question: A competitive firm's short-run supply curve is perfectly elastic. (Read 16 times)

scienceeasy

Hero Member
Posts: 565

on: Jul 20, 2019

A competitive firm's short-run supply curve is perfectly elastic.
◦ true
◦ false

Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8^th Edition

Buy Test-Bank

Ahnyah

Sr. Member
Posts: 336

Reply #1 on: Jul 20, 2019

false

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.