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Author Question: Firms in perfectly competitive markets: a. are price takers. b. are price makers. c. influence ... (Read 131 times)

DelorasTo

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on: Jun 30, 2018
Firms in perfectly competitive markets:
 a. are price takers.
 b. are price makers.
 c. influence price by varying the quality of output.
  d. sell heterogeneous products.

Question 2

Gold mining and the supply of gold depends not only on its price but also on the market rate of interest.
 a. True
  b. False
  Indicate whether the statement is true or false


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vickybb89

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


DelorasTo

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  • Posts: 548
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Zebsrer

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  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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