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Homework answers / question archive / Two part question: A monopoly sees the demand curve as _____ while a perfectly competitive firm perceives its demand curve as _____ A
Two part question:
A monopoly sees the demand curve as _____ while a perfectly competitive firm perceives its demand curve as _____
A. upward-sloping; flat
B. downward-sloping; horizontal
C. horizontal; upward-sloping
and
the supply curve in the market is higher than optimum if
A. This is a public good market.
B. There are external costs not accounted by the market.
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