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Question 7

Which of the following is compatible with a firm in a purely competitive market?

  • A.demand is inelastic
  • B.demand is infinitely elastic
  • C.marginal cost is falling
  • D.price is greater than marginal cost
  • E.price is less than marginal cost
Objective

Question details

Exam body
UI
Subject
Economics
Year
2012/2013
Question no.
#7
Type
Objective
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