If the Demand Curve a Monopolist Faces Is Perfectly Elastic,then

question 120

Multiple Choice

If the demand curve a monopolist faces is perfectly elastic,then the ratio of the firm's price to the marginal cost is

• A) 0.
• B) 1.
• C) 2.
• D) None of the above-the answer cannot be determined.

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Definitions:

Company Goals

Objectives set by a business to guide and motivate the organization's efforts towards desired outcomes.

Social Norms

Rules of behavior that are considered acceptable in a group or society, guiding individual actions without the force of laws.

Business Operations

The day-to-day activities necessary for a business to function efficiently, including managing resources, production, and delivering goods or services.

Interpersonal Skills

Abilities used to effectively communicate, interact, and work with individuals and groups.