Multiple Choice
For a price- making firm, when marginal revenue is above zero the demand curve is
A) unitarily elastic.
B) perfectly inelastic.
C) inelastic.
D) elastic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: For a price- taker, average revenue is
Q32: Should a firm that is making a
Q33: In the short run firms can continue
Q34: The price- taking competitive equilibrium of a
Q35: A monopoly that makes a loss will
Q37: A price- taker is a firm which
Q38: Explain why fixed costs do not exist
Q39: In the short run, under what circumstances
Q40: Why does a firm set price equal
Q41: The demand curve facing a price- taking