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Author Question: Demand facing an individual, perfectly competitive firm is A) perfectly inelastic at the quantity ... (Read 71 times)

tingc95

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Demand facing an individual, perfectly competitive firm is
 
  A) perfectly inelastic at the quantity the firm chooses to produce.
  B) perfectly inelastic at the quantity determined by market forces.
  C) perfectly elastic at the price the firm chooses to charge.
  D) perfectly elastic at the price determined by market forces.

Question 2

Which of the following would be considered a contingent contract?
 
  A) a piece rate contract
  B) a profit-sharing contract
  C) a contact with a bonus
  D) All of the above.



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jasonq

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Answer to Question 1

D

Answer to Question 2

D




tingc95

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


LegendaryAnswers

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Reply 3 on: Yesterday
Excellent

 

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