In perfect competition
A. the market demand curve and the individual's demand curve are identical.
B. the market demand curve is perfectly inelastic while demand for an individual seller's product is perfectly elastic.
C. the market demand curve is downward sloping while demand for an individual seller's product is perfectly elastic.
D. the market demand curve is perfectly elastic while demand for an individual seller's product is perfectly inelastic.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In perfect competition A. the market demand curve and the individual's demand curve are identical. B. the market demand curve is perfectly ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Gator Tires pays a constant annual dividend of $1.21 per share. How much are you willing to pay for one share if you require a rate of return of 9.3 percent
Answers (1)
1. Why do most companies sell shares of stock? a. All companies are required to sell shares of stock B. To let more people vote on company decisions c. To generate income for the company d. To gain a greater reputation"
Answers (2)
The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the principle idea of?
Answers (1)
In an eight-hour day, Andy can produce either 24 loaves of bread or 8 pounds of butter. In an eight-hour day, John can produce either 8 loaves of bread or 8 pounds of butter. The opportunity cost of producing 1 pound of butter is a.
Answers (1)
Assuming that the liquidity premium theory is correct, on March 5, 2010, what did investors expect the interest rate to be on the one-year Treasury bill two years from that date if the term premium on a two-year Treasury note was 0.010.
Answers (1)
New Questions in Business
What is the most common work-related hazard for a room attendant
Answers (1)
What may happen if the threaded heating element in percolator is not very tightly mounted
Answers (1)
Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.
Answers (1)
Decentralization encourages upper level management to concentrate on short-term decisions. True or False?
Answers (1)
Behavioral economist Richard Thaler has studied several examples of how businesses make use of inconsistencies in consumer decision-making.
Answers (1)