What are possible reasons for a horses belly to always look big and bloated? I recently baught a mare bay horse and her belly always look bloated and wide, could this be considered a hay belly or could she need to be checked by a vet. I was told she was 15 to 16 years old and in good health but I have been lied to before when it comes to buying a horse.
Type: A Topic: 2 E: 415 MI: 171 15. The demand schedule or curve confronted by the individual purely competitive firm is: A) relatively elastic, that is, the elasticity coefficient is greater than unity. B) perfectly elastic. C) relatively inelastic, that is, the elasticity coefficient is less than unity. D) perfectly inelastic. Answer: B
The demand curve for the output produced by a perfectly competitive firm is perfectly elastic at the going market price. The firm can sell all of the output that it wants at this price because it is a relatively small part of the market.ach perfectly competitive firm is so small relative to the size of the market that it has no market control, it has no ability to control the price. In other words, it can sell any quantity of output it wants at the going market price. This translates into a horizontal or perfectly elastic demand curve.