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Author Question: It is ________ for a corn producer in a perfectly competitive corn industry to make excess profits ... (Read 81 times)

krzymel

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on: Apr 19, 2019

Question 1

A firm facing a ________ demand curve, 
ceteris paribus, will have zero quantity demanded if it raises its price above the market price.


◦ perfectly inelastic
◦ relatively elastic
◦ relatively inelastic
◦ perfectly elastic

Question 2

It is ________ for a corn producer in a perfectly competitive corn industry to make excess profits because entry into the corn industry is free.


◦ expected
◦ very easy
◦ likely
◦ difficult
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by krzymel on Apr 19, 2019

brittanywood

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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krzymel

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Reply #2 on: Apr 19, 2019
Thanks


brittanywood

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Reply #3 on: Apr 19, 2019
Welcome :)


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