If a firm can change market prices by altering its output then it:
A.) Has market power.
B.) Is a price taker.
C.) Faces a horizontal demand curve.
D.) Is a competitive firm.
A.) Has market power.
You might also like to view...
When a price ceiling is set below the equilibrium price, the quantity supplied ________ the quantity demanded and ________ exists
A) is less than; a surplus B) is less than; a shortage C) is greater than; a surplus D) is greater than; a shortage E) equals; an equilibrium
Which of the following is included in the capital account in the BOP?
A) US-owned assets abroad B) US-owned assets in the US C) Unilateral transfers D) All are included in the capital account.
From the viewpoint of the individual investor, are stocks or bonds riskier? Explain
If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs
a. These purchases are called capital investment. If you raise the funds to purchase them from others you are a saver. b. These purchases are called capital investment. If you raise the funds to purchase them from others you are a borrower. c. These purchases are called consumption. If you raise the funds to purchase them from others you are a saver. d. These purchases are called consumption. If you raise the funds to purchase them from others you are a borrower.