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Management · Q24

Managerial Economics

Graduate and Post Graduate · Management · question 24

Q24

If the demand curve confronting an individual firm is perfectlyelastic, than

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

Answer: Option D

Solution

Answer: Option D
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