The demand curve faced by the individual perfectly competitive firm is: a. perfectly elastic. b. perfectly...
The demand curve faced by the individual perfectly competitive firm is:
a. perfectly elastic.
b. perfectly inelastic.
c. unit elastic.
d. elastic or inelastic depending on price.
Homework Answers
Answer :
Option A:Perfectly Elastic
Since in perfect competition individual firm is price taker and demand curve for industry is down ward sloping and demand curve for individual is Horizontal.So individual firm has perfect elastic demand curve.
Add Answer to:
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yes
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