The fact that a perfectly competitive firm's total revenue curve is an upward-sloping straight line implies that Multiple Choice The total profit curve is also an upward-sloping straight line. Product price is constant at all levels of output. Product price decreases as output increases, and demand is elastic. Product price increases at all output levels.

What is the correct percentage of texas teachers charged with ethics violations each year?

Who got instagram! ? if you do give it to me

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.