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Author Question: The demand curve facing a perfectly competitive firm is a. perfectly elastic b. perfectly ... (Read 470 times)

tatyanajohnson

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on: Jun 30, 2018
The demand curve facing a perfectly competitive firm is
 a. perfectly elastic
  b. perfectly inelastic
  c. unit elastic
  d. downward-sloping
  e. identical to the industry demand curve

Question 2

In order to sell an additional unit of its product, a monopolist must decrease price on all units.
 a. True
  b. False


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b614102004

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

A

Answer to Question 2

A


tatyanajohnson

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Reply #2 on: Jun 30, 2018
Thank you


b614102004

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Reply #3 on: Jun 30, 2018
No problemo


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