Which of the following is true of perfectly competitive firms?
a. It is difficult for entrepreneurs to become suppliers of a product in a perfectly competitive market structure.
b. A perfectly competitive firm has a perfectly elastic supply curve
c. In a perfectly competitive market, an individual seller can change his price and it will not alter the output he sells.
d. None of the above are true.
d
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The Patient Protection and Affordable Care Act (ACA) is scheduled ________, at which point more than 30 million additional individuals are expected to have health care coverage
A) to be completely in place in 2016 B) to be phased out by 2015 C) to be phased in over the next 20 years D) to be fully implemented by 2019
Unemployment that is the result of deregulation, corporate downsizing, and the closure of military bases is best categorized as frictional unemployment.
Answer the following statement true (T) or false (F)
Which would be considered a macroeconomic study? A study of the effect of:
A. a new tax on the profits of a business. B. changing government spending to increase employment. C. lower interest rates on a firm's investment. D. a decrease in the price of automobiles on automobile sales.
one way of alleviating opportunism is
What will be an ideal response?