If a Single Supplier Produces Such a Small Portion of the Total

question 3

Multiple Choice

If a single supplier produces such a small portion of the total market output that changes in its production have no impact on the overall market price,:

• A) the firm will eventually be forced out of business.
• B) demand for the firm's output is perfectly elastic.
• C) the firm's supply curve is perfectly inelastic.
• D) the market supply curve is horizontal.

---

Definitions:

Workplace Environment

The physical and psychological conditions under which employees work, including factors like culture, safety, and interpersonal relationships.

Moral

Relating to principles of right and wrong behavior and the goodness or badness of human character.

Unemployment

The state of being without a paid job despite actively seeking employment.

Poverty

A socio-economic condition marked by a severe lack of financial resources or means necessary to meet basic living needs.