Find the Slope of the Line $$y - 1 = 0$$

question 160

Multiple Choice

Find the slope of the line.
- $$y - 1 = 0$$

• A) \(- 1\)
• B) 0
• C) 1
• D) Undefined

---

Definitions:

Market Price

The current price at which a good or service can be bought or sold in a given market.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenues, representing the additional income earned over and above the opportunity costs.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which each seller offers an identical product.

Market Price

Market price is the current price at which an asset or service can be bought or sold in a given market.