In a Perfectly Competitive Market with 75 Non-Identical Firms Producing

question 81

Multiple Choice

In a perfectly competitive market with 75 non-identical firms producing at market price p₁

• A) the supply curve is flatter than if there were only 35 identical firms.
• B) the supply curve is more elastic than if there were only 25 identical firms.
• C) the supply curve is more inelastic than if the firms were identical.
• D) All of the above.

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Definitions:

Posture

Posture is the position in which someone holds their body when standing or sitting, and proper posture is important for health and well-being.

Oral Hygiene

The practice of keeping the mouth and teeth clean to prevent dental problems and bad breath.

Cleanliness

The state or quality of being clean and free from dirt, germs, and other contaminants, important for health and hygiene.

Mouthwash

A liquid product used for cleaning the mouth, improving oral hygiene, and freshening breath.