A firm can sell as much as it wants at a constant price. Demand is thus relatively perfectly elastic and absolute price elasticity will be very large.
A firm is a for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services. The theory of the firm posits that firms exist to maximize profits. Not to be confused with a firm, a company is a business that sells goods or services for profit and includes all business structures and trades.
A business firm has one or more locations which all have the same ownership and report under the same EIN.
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