If a firm can change market prices by altering its output,then it
A)Has market power.
B)Faces a flat demand curve.
C)Is a price taker.

Name: If a firm can change market prices by altering its output,then it A)Has market power. B)Faces a flat demand curve. C)Is a price taker.
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Question

Quizplus · Accepted Answer

The ability to change market prices by altering output is a characteristic of firms with market power, which means they have some degree of control over the price they charge for their product.

If a Firm Can Change Market Prices by Altering Its