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Author Question: A perfectly competitive firm has no influence over price because: a. its output is insignificant ... (Read 26 times)

codyclark

  • Hero Member
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on: Jun 30, 2018
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

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


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