A firm in a perfectly competitive market structure
a. will advertise to shift its demand curve to the right
b. has a demand curve for its good that is perfectly vertical
c. cannot influence the price
d. has a demand curve for its good that is downward sloping
e. has a demand curve for its good that is upward sloping
C
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The market system is also called the price system because
A) rising prices are the signal to producers to offer more of a particular good. B) people pay money in markets. C) everything has a price tag. D) inflation is a significant problem.
Name the eight high-growth Asian economies
What will be an ideal response?
In the production function Y = AF(K, N), total factor productivity is
A. A. B. Y/A. C. Y/N. D. K/N.
Banks with excellent credit can borrow ________ from the Federal Reserve.
A. an unlimited amount B. $1,000,000 per year C. only an amount equal to their deposits D. $1,000,000 per day