Multiple Choice
Which of the following changes will not affect the market supply or the market demand in a purely competitive industry?
A) a change in fixed costs
B) a change in the number of buyers
C) a change in marginal costs
D) a change in the number of firms
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q132: In the standard model of pure competition
Q134: A firm sells a product in a
Q135: A profit-maximizing firm in the short run
Q136: Price is taken to be a "given"
Q138: Economists would describe the U.S. automobile industry
Q140: Which is necessarily true for a purely
Q141: In pure competition, each extra unit of
Q142: A purely competitive firm currently producing 20
Q208: In pure competition, the industry demand curve
Q264: A competitive firm will produce in the