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alphalions alphalions
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9 months ago

A factor price taker faces



▸

a perfectly elastic demand curve for the product it sells.



▸

a downward-sloping demand curve for the product it sells.



▸

a perfectly elastic supply curve of factors.



▸

an upward-sloping supply curve of factors.



▸

a perfectly inelastic supply curve of factors.

Textbook 
Economics

Economics


Edition: 12th
Author:
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bluepeachez36bluepeachez36
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9 months ago
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alphalions Author
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Helped a lot
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