Market Form-price taker
In which market form, the firm is a price taker? Answer: In Perfect competition
In which market form, the firm is a price taker?
Answer: In Perfect competition
What drives market towards their equilibrium?
The demand curve facing a purely competitive seller is: (a) negatively sloped. (b) horizontal at the market price. (c) vertical at the market quantity. (d) the horizontal summation of all potential buyers’ individual demand curves. (e) market de
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I have a problem in economics on Short run for production. Please help me in the following question. In short run for production: (1) Both variable and fixed costs exist. (2) Productive capacity might be adjusted. (3) Unprofitable firms shut down. (4) No fresh workers
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The demand curve which is least consistent along with the existence of a substitution consequence is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Measurement of below poverty line Below Below the poverty line the proportion of the U.S. population is: (w) rises with upturns of the business cycle. (x) has declined, though somewhat erratically, over the past 50 years. (y) has been virtually eliminated by a vigorous “War on Poverty
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