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Home Q & A Board Other Fields Homework Help Business Economics
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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
A firm can expect to see a perfectly elastic demand curve if
A) there are no close substitutes.
B) the firm is one of a very large number of firms in a competitive marketplace.
C) the good is a small part of a person's budget.
D) the firm is a monopoly.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
Great! Now we can move on to the next one
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