The demand curve for a perfectly competitive firm's product is
A.
downward sloping and equal to the market demand curve.
B.
perfectly elastic.
C.
perfectly inelastic.
D.
"kinked" at the going market price.
E.
the same as the firm's marginal cost curve.
Exam No： AP Micro Practice Test 4 Year：2024 Question No：26
Answer:
B
Knowledge points:
2.1 Demand
3.7 Perfect Competition
4.1 Introduction to Imperfectly Competitive Markets
Solution:
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