If a Firm Faces a Perfectly Elastic Demand for Its

question 43

Multiple Choice

If a firm faces a perfectly elastic demand for its product,then

• A)it is not a price taker.
• B)it will want to lower its price to increase sales.
• C)it will want to raise its price to increase total revenue.
• D)its marginal revenue curve is horizontal at the market price.
• E)it will always make zero economic profit.

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Young children, typically aged one to three years, who are in the early stages of walking and developing speech.

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Individuals or entities that create goods or services through the combination of labor, land, and capital.