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Author Question: A competitive firm facing a perfectly elastic demand curve can: a. increase price without losing ... (Read 89 times)

asmith134

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on: Jun 30, 2018
A competitive firm facing a perfectly elastic demand curve can:
 a. increase price without losing any sales.
 b. sell all of its output at any price it chooses.
  c. sell all of its output at the market price.
 d. sell more output only by reducing its price.

Question 2

If a hydel power plant expects the interest rate to rise in near future, it might resort to installation of more turbines and dynamos in its firm in the present period.
 a. True
  b. False
  Indicate whether the statement is true or false


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nothere

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

c

Answer to Question 2

True


asmith134

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Reply 2 on: Jun 30, 2018
Gracias!

gcook

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Reply 3 on: Yesterday
Excellent

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