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Commerce · Q893

Economics

Graduate and Post Graduate · Commerce · question 893

Q893

If the demand curve confronting an individual firm is perfectly elastic, then

A.
The firm is a price-taker
Answer
B.
The firm cannot influence the price
C.
The amount the firm supplies to the market is small relative to the total supply
D.
All of the above

Answer: Option A

Solution

Answer: Option A
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