Multiple Choice
If a firm faces a perfectly elastic demand for its product,then
A) it is not a price taker.
B) it will want to lower its price to increase sales.
C) it will want to raise its price to increase total revenue.
D) its marginal revenue curve is horizontal at the market price.
E) it will always make zero economic profit.
Correct Answer:
Verified
Correct Answer:
Verified
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