The Demand Curve Facing Company ABC Is Perfectly Elastic

question 184

Multiple Choice

The demand curve facing Company ABC is perfectly elastic.What is its marginal revenue?

• A)Equal to the average revenue
• B)Less than the price
• C)Higher than the price
• D)Higher than the average revenue

---

Definitions:

Moral Therapy

refers to a historical approach to mental illness that emphasized moral guidance and humane treatment in a supportive environment.

Decline

A gradual decrease in quality, quantity, or strength of something.

Ineffective

Lacking the ability or qualities to produce the intended or desired effect.

Biological Treatments

Medical interventions that act on the biological structures or processes of the body, often used in treating mental health conditions.