A(n) ____ is a price taker
a. monopoly firm
b. oligopoly firm
c. perfectly competitive firm
d. monopolistically competitive firm
e. duopoly firm
c
You might also like to view...
The marginal social cost of a good or service is the cost borne by the producer
Indicate whether the statement is true or false
The demand curve for a monopolist’s product is also the monopolist’s
a. total revenue curve. b. marginal revenue curve. c. average revenue curve. d. total profit curve.
If the banking system's money multiplier is 4, then a $2,000 increase in checkable deposits when banks hold excess reserves will result in which of the following events?
a. The money supply will decrease b. The money supply will not change. c. The money supply will increase by exactly $8,000. d. The money supply will increase by more than $8,000. e. The money supply will increase by less than $8,000.
Whenever statements embodying values are made, we enter the realm of
A. macroeconomics. B. normative economics. C. positive economics. D. microeconomics.