A perfectly competitive firm has
a. A perfectly elastic demand for its products
b. A perfectly inelastic demand for its products
c. A downward sloping demand for its products
d. None of the above
a
You might also like to view...
Foreign exchange activity is dominated by the spot and swaps markets
Indicate whether the statement is true or false
What is the relation between value creation and transactions cost?
What will be an ideal response?
When comparing partial equilibrium effects to general equilibrium effects one can conclude that
A) general equilibrium effects are always larger. B) partial equilibrium effects are always larger. C) the effects are of equal size. D) one cannot determine before the fact which effect is greater.
If the interest rate is 12%, the current market value of $1 to be delivered in one year is
A. $0.89. B. $0.95. C. $1.00. D. $1.15.