A Perfectly Competitive Firm Has to Charge the Same Price

question 273

Multiple Choice

A perfectly competitive firm has to charge the same price as every other firm in the market.Therefore, the firm

• A)faces a perfectly inelastic demand curve.
• B)is not able to make a profit in the short run.
• C)is a price taker.
• D)faces a perfectly elastic supply curve.

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Definitions:

State-supported Churches

Religious organizations that receive financial aid and legal recognition from the government, often with historical ties to the state.

Ecclesia

A recognized national or state church that is closely allied with the government and the dominant religion in society.

Churches

Institutions dedicated to religious worship and activities, often associated with Christian denominations.

Sociologists

Scientists who study social behavior and society, examining the development, structure, interaction, and collective behavior of organized groups of humans.