The answer is down sloping, perfectly elastic. The demand curve for a firm in a splendidly focused market shifts altogether from that of the whole market.The advertise request bend inclines to descend, while the impeccably aggressive Association's request bend is a flat line equivalent to the harmony cost of the whole market.
Answer:
c. Universities offer fewer online classes when they generate more revenue than traditional classes.
Explanation:
In this case, the fact that online classes generate more revenue than traditional classes should be an incentive for Universities to offer more online classes instead of fewer online classes. This example clearly does not represent a group responding to an incentive. All of the other examples have a clear cause and consequence relationship and therefore represent groups responding to an incentive.
The above assertion is true.
True: Efficiency losses are reductions of combined consumer and producer surplus associated with both underproduction and overproduction of a product
<h3>Efficiency losses</h3>
Efficiency losses are reductions of combined consumer and producer surplus associated with both underproduction and overproduction of a product.
In conclusion, we can conclude that the correct answer is True
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