If the factor market is perfectly competitive, the firms factor supply curve iss

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    upward sloping as the firm must pay more for the factor as the quantity purchased increases.
     a vertical line at the profit maximizing quantity of input.
     a horizontal line at the factor market equilibrium price.
     There is not enough information given to answer this question.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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a horizontal line at the factor market equilibrium price.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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