The demand curve faced by an individual seller in perfect competition, is
a. Perfectly elastic
b. Perfectly inelastic
c. Relatively inelastic
d. Unitary inelastic
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Answer:
a perfectly elastic
Explanation:
the demand curve faced by an individual seller in perfect competition
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Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping. ... In a perfectly competitive market, firms cannot decrease their product price without making a negative profit.
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