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Author Question: The demand curve faced by a perfectly competitive firm a. is the market demand curve b. slopes ... (Read 86 times)

dbose

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on: Jun 30, 2018
The demand curve faced by a perfectly competitive firm
 a. is the market demand curve
  b. slopes downward
  c. is perfectly elastic
  d. is vertical
  e. rises when market supply rises

Question 2

A monopolist's demand curve is
 a. its marginal cost curve
  b. its marginal revenue curve
  c. identical to the market demand curve
  d. the same as the demand curve of a firm in perfect competition
  e. nonexistent


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kristenb95

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

C

Answer to Question 2

C


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

meganmoser117

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  • Posts: 303
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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