In the Absence of Any Government Regulation on Price,if a Firm

question 75

Multiple Choice

In the absence of any government regulation on price,if a firm has no power to set price on its own,one can safely conclude

• A) the demand curve for the firm's product is horizontal.
• B) there aren't many firms in the industry.
• C) the market is in long-run equilibrium.
• D) the firms in this industry are not profitable.

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Definitions:

Company's Intranet

A private network accessible only by an organization's staff, generally used for sharing information, operational systems, or services within the company.

Lead-The-Market Pay Strategy

A compensation strategy where an organization aims to offer wages higher than the average market rate to attract and retain top talent.

Direct Applicants

Individuals who apply for a position directly with an employer, without intermediaries like recruiters or agencies.

Internal Recruitment

The process by which a business or organization seeks to fill vacancies from within its existing workforce, rather than by hiring externally.