yes the demand curve is perfectly inelastic and horizontal
will
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
nn
True
yes the demand curve is perfectly inelastic and horizontal
will
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
nn
B. Perfectly elastic This is because it is operating in a perfect competitive market
True
Jealously guarding something that is of no value to yourself driven by a purely competitive nature
Economies of scale
it is a price taker
This is true
Remains the same...
Two styles of negotiating, competitive and cooperative, are commonly recognized. No negotiation is purely one type or the other.