Which of the following is compatible with a firm in a purely competitive market?
a
demand is inelastic
b
demand is infinitely inelastic
c
Marginal Cost is falling
d
Price is greater than Marginal Cost
Explanation
Correct Option
bNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (1)
samson394978
1 year ago
the ans wrong @myschool because the demand curve in a perfectly competitive firm is infinitely elastic i.e. it's horizontal
the correct ans should be C
