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Which of the following is compatible with a firm in a purely competitive market?
Classroom
Economics Classroom
Post Utme
Post Utme 0
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Which of the following is compatible with a firm in a purely competitive market?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Demand is inelastic
B
Demand is infinitely elastic
C
Marginal cost is falling
D
Price is greater than marginal cost
E
Price is less than marginal cost
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Show Explanation
Correct Answer:
Option B
Explanation:
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