Business, 13.11.2020 17:00 golderhadashaowtatz
Spangles are sold in a perfectly competitive market, and the market price of a spangle is $10. A firm in this market can produce 100 spangles at a cost of $4 each. What does this firm's demand curve look like?
a. a horizontal line at $4
b. a vertical line at $14
c. a horizontal line at $6
d. a horizontal line at $10
Answers: 1
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Spangles are sold in a perfectly competitive market, and the market price of a spangle is $10. A fir...
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