A Firm's Marginal Resource Cost Curve Is

question 52

Multiple Choice

A firm's marginal resource cost curve is

• A)horizontal only if the firm is a price taker in the product market
• B)horizontal only if the firm is a price taker in the resource market
• C)vertical only if the firm is a price taker in the product market
• D)vertical only if the firm is a price taker in the resource market
• E)horizontal only if the firm is a price taker in both the product and resource markets

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