If the Firm's Demand Curve Is Perfectly Elastic,the Firm Must

question 123

Multiple Choice

If the firm's demand curve is perfectly elastic,the firm must be a(n)

• A) monopoly.
• B) imperfect competitor.
• C) oligopoly.
• D) perfect competitor.
• E) revenue maximizer.

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Definitions:

Repressing

The unconscious process of excluding thoughts and feelings from consciousness, often as a defense mechanism against traumatic or unwanted memories.

Mental Response

A cognitive or emotional reaction to a stimulus, which can be conscious or unconscious.

Thematic Apperception Test

An evaluative psychological technique designed to understand an individual's thinking styles, perspectives, powers of observation, and feelings in response to vague materials used in the test.

Ambiguous Pictures

Images that can be interpreted in multiple ways or that create an optical illusion, often used in psychological testing.