« previous next »

Author Question: The demand curve facing a perfectly competitive firm is A) the same as the market demand curve. ... (Read 56 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
The demand curve facing a perfectly competitive firm is
 
  A) the same as the market demand curve.
  B) downward-sloping and less flat than the market demand curve.
  C) downward-sloping and more flat than the market demand curve.
  D) perfectly horizontal.
  E) perfectly vertical.

Question 2

Augustus bought his BMW convertible as a new car in 1998 and knows that it is in excellent condition. He now wants to sell it and knows that there are many other similar cars on the used car market that are lemons. As a result:
 
  A) he should be able to sell my car at a premium price because of its excellent condition.
  B) he will have to accept a lower price for his car because buyers might think that it is a lemon.
  C) he will not be able to sell his car unless he offers some sort of guarantee.
  D) he will get the best price for his car by selling it to a dealer.


amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Titration curve for aspartic acid Titration curve for aspartic acid
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Inflammation Animation

For a complete list of videos, visit our video library