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Author Question: In a perfectly competitive industry (where firms are price takers), the firm's demand curve is (Read 124 times)

karen

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on: May 25, 2020

Question 1

A price-taker is a firm which has
◦ its prices fixed by a regulatory body.
◦ a strong incentive to advertise.
◦ no control over its prices.
◦ control over its prices.

Question 2

In a perfectly competitive industry (where firms are price takers), the firm's demand curve is
◦ upward sloping.
◦ perfectly elastic.
◦ downward sloping.
◦ perfectly inelastic.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by karen on May 25, 2020

nanny

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Reply #1 on: May 25, 2020
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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karen

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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