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Author Question: A firm facing a horizontal demand curve: a. cannot affect the price it receives for its output. b. ... (Read 86 times)

evelyn o bentley

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on: Jun 30, 2018
A firm facing a horizontal demand curve:
 a. cannot affect the price it receives for its output.
 b. is unlikely to price its goods below market price.
 c. faces a perfectly elastic demand curve for its product.
  d. is characterized by all of the above.

Question 2

Common ownership may fail to ensure that harvesting of renewable resources does not exceed the maximum sustainable yield.
 a. True
  b. False
  Indicate whether the statement is true or false


beccamahon

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

d

Answer to Question 2

True


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