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Author Question: Firms in perfectly competitive markets: a. are price takers. b. are price makers. c. influence ... (Read 112 times)

DelorasTo

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Firms in perfectly competitive markets:
 a. are price takers.
 b. are price makers.
 c. influence price by varying the quality of output.
  d. sell heterogeneous products.

Question 2

Gold mining and the supply of gold depends not only on its price but also on the market rate of interest.
 a. True
  b. False
  Indicate whether the statement is true or false



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vickybb89

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Answer to Question 1

a

Answer to Question 2

True




DelorasTo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


31809pancho

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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