The demand curve facing a firm will be more elastic, a. the ...

[JMatthes]

The demand curve facing a firm will be more elastic,
 a. the fewer the number of competing firms
  b. the more differentiated the product
  c. the more substitutes there are for its product
  d. the greater the firm's ability to control price
  e. the larger the profit the firm can make

Question 2

Firm size alone is not the same as market power, as illustrated by
 a. a large automaker raising its prices without concern about competition
  b. a movie theater in an isolated community facing stiff competition
  c. wheat farmers selling their commodity product to farm cooperatives
  d. the only newspaper in a metropolitan area facing competition for advertising sales from TV, radio, and the Internet
  e. None of the answers is correct

[bobsmith]

Answer to Question 1

C

Answer to Question 2

D

[JMatthes]

Thanks for the timely response, appreciate it

[lkanara2]

TYSM