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Author Question: The behavior of an individual perfectly competitive firm has a perceptible influence on the market ... (Read 49 times)

bcretired

  • Hero Member
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  • Posts: 525
on: Jun 30, 2018
The behavior of an individual perfectly competitive firm has a perceptible influence on the market price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The supply of hydro electric power:
 a. can be varied infinitely in the short run.
  b. remains fixed in the long run.
  c. decreases with an increase in price in the short run.
  d. reduces in the future due to continuous consumption today.
  e. increases with an increase in price in the long run.


Kdiggy

  • Sr. Member
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  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

e


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