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A firm that has the ability to control to some degree the price of the product it sells:
 
a) is also able to dictate the quantity purchased.
 
b) faces a demand curve that is inelastic throughout the range of market demand.
 
c) is a price maker.
 
d) faces a perfectly inelastic demand curve.

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Deanna Hettinger
Deanna HettingerLv2
24 Apr 2020
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