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9 Jan 2018
29) If a firm faces a perfectly elastic demand for its product, then A) it will always make zero economic profit. B) its marginal revenue curve is horizontal at the market price. C) it will want to raise its price to increase total revenue. D) it will want to lower its price to increase sales. E) it is not a price taker.
29) If a firm faces a perfectly elastic demand for its product, then A) it will always make zero economic profit. B) its marginal revenue curve is horizontal at the market price. C) it will want to raise its price to increase total revenue. D) it will want to lower its price to increase sales. E) it is not a price taker.
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