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Author Question: The market demand curve is ____ and the demand curve for a single firm in a competitive market is ... (Read 104 times)

yoooooman

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on: Jun 30, 2018
The market demand curve is ____ and the demand curve for a single firm in a competitive market is ____.
 A) horizontal, horizontal
  B) downward sloping, horizontal
  C) downward sloping, downward sloping
  D) horizontal, downward sloping

Question 2

Exit from a market will stop when
 A) accounting losses are zero.
  B) the cost of capital is equal to the risk-free rate of return.
  C) economic losses are zero.
  D) none of these choices.


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nixon_s

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

B

Answer to Question 2

C


yoooooman

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

mochi09

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Reply 3 on: Yesterday
Wow, this really help

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