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Title: A firm selling in a price-takers' market Post by: Sublight2097 on Jun 20, 2015 A firm selling in a price-takers' market
A) can reduce its price without thereby lowering its marginal revenue. B) can reduce its price without thereby lowering its total revenue. C) faces a perfectly elastic demand curve. D) has marginal costs equal to marginal revenue at all levels of output. Title: Re: A firm selling in a price-takers' market Post by: Sydnie on Jul 8, 2015 Content hidden
Title: Re: A firm selling in a price-takers' market Post by: Sublight2097 on Aug 31, 2015 My mind was going in all different directions trying to figure this one out. Thanks so much.
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