Question

In perfect competition, the demand curve for the firm is: Groupof answer choices horizontal u-shaped due...

In perfect competition, the demand curve for the firm is:

Groupof answer choices

horizontal

u-shaped due to diminishing returns

formative

downward-sloping reflecting the law of demand

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Answer #1

The demand curve of perfectly competitive firm is horizontal line. This is because the price charged by the firm is same for all units. Hence the demand curve is a horizontal line.

Hence option first is the correct answer.

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