A Firm Facing a Horizontal Demand Curve

question 34

Multiple Choice

A firm facing a horizontal demand curve

• A)cannot affect the price it receives for its output.
• B)always produces at an output at which P = MR.
• C)faces perfectly elastic demand for its product.
• D)All of the above are correct.

---

Definitions:

Mandatory Treatment

Medical or psychological care that is ordered by a court or other governmental authority, often in cases where the individual is unable or unwilling to consent.

Racial/Ethnic Minority

Racial/Ethnic Minority denotes groups in a population that share common heritage, culture, or origin and are fewer in number compared to the majority group.

Competence To Stand Trial

A legal determination that a defendant has the mental capability to understand the charges against them and participate in their own defense.

Incompetent

Lacking the necessary skills, qualities, or abilities to perform a specified duty or task effectively.