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:

Expectancy Effect

The phenomenon where a researcher's expectations influence the outcome of a study.

Müller-Lyer Effect

A visual illusion in which two lines of the same length appear to be of different lengths due to the orientation of arrow-like figures at their ends.

Visual Cues

Visual signals or signs that can be perceived with the eyes, often used to communicate information or guide behavior.

Irreversible Damage

Harm or alteration that cannot be undone or repaired, often leading to permanent change or loss of function.