Which of the following is compatible with a firm in a purely competitive market?

Economics JAMB 1987

Which of the following is compatible with a firm in a purely competitive market?

  • demand is inelastic
  • demand is infinitely inelastic checkmark
  • Marginal Cost is falling
  • Price is greater than Marginal Cost

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment