Please tell me the correct awnsers Given a competitive market equilibrium with normal supply and demand curves: Select one or more: a. Firms are always price makers b. firms are price takers c. A rise in demand will lead to the possibility of an economic rent for some firms d. prices are fixed
Please tell me the correct awnsers Given a competitive market equilibrium with normal supply and demand curves: Select one or more: a. Firms are always price makers b. firms are price takers c. A rise in demand will lead to the possibility of an economic rent for some firms d. prices are fixed
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please tell me the correct awnsers
Given a competitive
Select one or more:
a. Firms are always price makers
b. firms are price takers
c. A rise in demand will lead to the possibility of an economic rent for some firms
d. prices are fixed
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