In a Purely Competitive Market,a Company Views Its Demand Curve

question 36

Multiple Choice

In a purely competitive market,a company views its demand curve as

• A)completely price insensitive.
• B)horizontal (flat).
• C)vertical.
• D)convex.

---

Definitions:

Presbycusis

Impairment of acute hearing in old age.

Hearing Loss

A partial or total inability to hear, which can occur in one or both ears.

Aging Process

The natural progression of physical, cognitive, and emotional changes in an organism over time, leading to the gradual decline of bodily functions and structure.

Nervous

Relating to the nerves or nervous system; also used to describe a feeling of anxiety or apprehension.