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A factor price taker faces

alphalions

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10 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

Edition: 12^th

Author: Arnold

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bluepeachez36

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