A downward-sloping demand curve is faced by firms:
a. under perfect competition.
b. under perfect competition and monopoly.
c. in all market structures except monopoly.
d. in all market structures except monopolistic competition.
e. in all market structures except perfect competition.
e
You might also like to view...
Firm X pays firm Y $345 for a pollution permit. This expenditure on the part of firm X is considered a __________. Firm Y ends up spending $200 to eliminate some pollution. This expenditure on the part of firm Y is considered a __________.
A. resource cost; transfer B. fixed cost; sunk cost C. market environmental cost; standards cost D. transfer; resource cost E. none of the above
Refer to the above figure. At a price of $2 per gallon, the quantity demanded of gasoline is
A) 80,000 gallons per month. B) 100,000 gallons per month. C) 60,000 gallons per month. D) 140,000 gallons per month.
Explain why the marginal propensity to save and the marginal propensity to consume sum to 1
According to the article "Why Gold?', silver may be used as money. One problem with using silver as money is that
a. silver is too abundant. b. silver tarnishes over time. c. it is not a precious metal. d. it has a high melting point.