Which of the following statements is false?
a) the perfectly competitive firm's demand curve...
Business, 20.12.2019 06:31 davisnaziyahovz5sk
Which of the following statements is false?
a) the perfectly competitive firm's demand curve is horizontal at the market price.
b) the theory of perfect competition is completely and accurately descriptive of most real-world firms.
c) if firm x does not strictly meet all the assumptions of the theory of perfect competition, but behaves as if it does, then the theory of perfect competition is relevant to it.
d) in perfect competition, the market price is established at the intersection of the market demand and market supply curves
Answers: 2
Business, 22.06.2019 20:40, shaunalab
Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen
Answers: 1
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