The Figure Given Below Shows the Aggregate Demand and Supply

question 83

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-Which of the following statements is true?

• A)​A firm that has monopoly power is a price maker.
• B)​A firm that has monopoly power is a price taker.
• C)​A firm that has monopoly power earns exorbitant profits.
• D)​A firm that has monopoly power has a perfectly elastic demand curve.
• E)​A firm that has monopoly power has a perfectly inelastic demand curve.

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