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Author Question: A perfectly competitive firm has a. A perfectly elastic demand for its products b. A perfectly ... (Read 400 times)

mspears3

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on: Jul 1, 2018
A perfectly competitive firm has
 a. A perfectly elastic demand for its products
  b. A perfectly inelastic demand for its products
  c. A downward sloping demand for its products
  d. None of the above

Question 2

Katy is holding an English auction. If she estimates the values of her bidders to be 2, 4, 10, 15 and 25, she should expect to be able to make ____ off the auction
 a. Just above 10
  b. Just below 10
  c. Just above 15
  d. Just below 15


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upturnedfurball

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


mspears3

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Reply #2 on: Jul 1, 2018
Thank you :)


upturnedfurball

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Reply #3 on: Jul 1, 2018
Happy to help you


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