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Author Question: The perfectly elastic demand curve faced by a competitive firm indicates that (Read 33 times)

jacob816

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on: Oct 12, 2022
The perfectly elastic demand curve faced by a competitive firm indicates that
◦ as the firm expands output, its marginal revenue will fall.
◦ it could actually sell an infinite amount of output at the going price.
◦ the product's price will be unaffected by any realistic change in the firm's level of output.
◦ total revenue is constant regardless of quantity produced.
◦ the firm could increase total revenue by increasing the price.
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Marked as best answer by jacob816 on Oct 12, 2022

latoyia.cook

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Reply #1 on: Oct 12, 2022
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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jacob816

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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