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Author Question: A Midwestern wheat farmer faces a horizontal demand curve because a. it is so large relative to the ... (Read 50 times)

fbq8i

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on: Jun 30, 2018
A Midwestern wheat farmer faces a horizontal demand curve because
 a. it is so large relative to the market as a whole that it has no impact on market price
  b. it is so small relative to the market as a whole that it has no impact on market price
  c. it produces a good for which there are no substitutes
  d. it produces a good for which there are no complements
  e. it produces a good that no other firm in the industry produces

Question 2

A price searcher is any firm that has no control over price and must accept the market price as given.
 a. True
  b. False


chreslie

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

B

Answer to Question 2

B


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fbq8i

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Reply #2 on: Jun 30, 2018
Correct answers!


chreslie

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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