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Other Fields Homework Help Economics Topic started by: Tidy on Jun 21, 2015



Title: A wheat farmer and a firm in a perfectly competitive market are similar in that
Post by: Tidy on Jun 21, 2015
A wheat farmer and a firm in a perfectly competitive market are similar in that
A) both face vertical demand curves.
B) both have to lower their prices if a rival firm lowers its price.
C) both face horizontal demand curves.
D) both will earn an economic profit if their total revenue equals their total cost.


Title: Re: A wheat farmer and a firm in a perfectly competitive market are similar in that
Post by: Smoooth on Jul 26, 2015
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Title: Re: A wheat farmer and a firm in a perfectly competitive market are similar in that
Post by: Smoooth on Aug 31, 2015
My pleasure :-]