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Question 22

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
2017/2018
Question no.
#22
Type
Objective
Previous · Q21Product homogeneity is one of the characteristics of Next · Q23 The difference between gross national product and net national product is equal…

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