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Author Question: A perfectly competitive firm faces a demand curve that is: a. horizontal and perfectly inelastic. ... (Read 157 times)

washai

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on: Jun 30, 2018
A perfectly competitive firm faces a demand curve that is:
 a. horizontal and perfectly inelastic.
  b. horizontal and perfectly elastic.
  c. vertical and perfectly inelastic.
 d. vertical and perfectly elastic.

Question 2

An increase in economic rent is accompanied by an increase in the quantity supplied of a resource.
 a. True
  b. False
  Indicate whether the statement is true or false


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kaylee05

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

b

Answer to Question 2

False


washai

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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