(19) If a firm is a price taker, then the demand curve for a single firm is Select one: a. perfectly inelastic. b. perfectly elastic. c. the same slope as market demand. (20) A profit-maximizing...

A profit-maximizing decision must be made about whether to keep a bed & breakfast operating. Until the place sells, the mortgage of $3000/month, a sunk cost, must be paid. If the bed & breakfast operates, costs rise by $4000 per month, but revenue will be only $6000 per month. Until the building can be sold,