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The demand curve facing a perfectly competitive firm is

The demand curve facing a perfectly competitive firm is Correct Answer Horizontal line

The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.

Related Questions

Ajay, Lalit, Charan, Dhruv and Gajendra are five men, who are sitting in a row facing south while Mayuri, Narmada, Shalini, Priya and Harshini are five women, who are facing north in the second row parallel to the first row. Sitting facing up. Lalit, who is sitting immediately left of Dhruv, is facing Harshini. Charan and Narmada are sitting diagonally facing each other. Gajendra is facing Shalini, who is sitting on the immediate right of Mayuri in the neighborhood. Priya, who is sitting immediately left of Harshini, is facing Dhruv. Mayuri is sitting at one end of the row. Who is sitting third to the right of Shalini?
Which two of the following statements are true? a) A simple monopoly firm always earns super normal profit  b) Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity  c) A perfectly competitive firm is price - taker  d) Firms under monopolistic competition earn only normal profits  Choose the correct option from those below 
Which two of the following statements are true?
I. A simple monopoly firm always earns super normal profit
II. Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
III. A perfectly competitive firm is price-taker
IV. Firms under monopolistic competition earn only normal profits
Choose the correct option from those below
Six offices on a floor are allotted to A, B, C, D, E and F, respectively. The offices are arranged in two rows, one facing the north and the other facing the south. B got a north-facing office and is not next to D. D and F got diagonally opposite offices. C, whose office is next to F, got a south-facing office, and E got a north-facing office. Which of the following combinations got south-facing offices?
Use the following passage for the questions based on it. There are 6 flats on a floor in two rows. Out of these, three are north facing and the other three are south facing flats. The flats are to be allotted amongst Arun, Biswajyot, Chitra, Derek, Evan, and Fatima. Biswajyot gets a north facing flat and is not next to Derek. Derek and Fatima get diagonally opposite flats. Chitra is next to Fatima, and gets a south facing flat.Evan gets a north facing flat. Which of the following combination gets south facing flats?
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.
Read the given seating arrangement information and answer the question that follows. Prashant, Kamal, Rishi, Sunita, Tanvi, Vimal, Wazir and Yogita are sitting at a square table in such a way that four of them are sitting at four corners of the table, while the other four are sitting in the middle of each of four sides of the table. The four who are sitting at the corners of the table are facing the centre, whereas those who are sitting in the middle of the sides of the table are facing outside. Prashant, who is facing the centre, is sitting third to the right of Vimal. Tanvi, who is facing the centre, is not an immediate neighbour of Vimal. Only one person is sitting between Vimal and Wazir. Sunita sits second to the right of Kamal. Kamal is facing the centre. Rishi is not an immediate neighbour of Prashant. Which of the following statements regarding Kamal is true?
Use the following passage for the questions based on it. There are 6 flats on a floor in two rows. Out of these, three are north facing and the other three are south facing flats. The flats are to be allotted amongst Arun, Biswajyot, Chitra, Derek, Evan, and Fatima. Biswajyot gets a north facing flat and is not next to Derek. Derek and Fatima get diagonally opposite flats. Chitra is next to Fatima, and gets a south facing flat.Evan gets a north facing flat. Except Derek and Fatima, which other pair is diagonally opposite to each other?
Use the following passage for the questions based on it. There are 6 flats on a floor in two rows. Out of these, three are north facing and the other three are south facing flats. The flats are to be allotted amongst Arun, Biswajyot, Chitra, Derek, Evan, and Fatima. Biswajyot gets a north facing flat and is not next to Derek. Derek and Fatima get diagonally opposite flats. Chitra is next to Fatima, and gets a south facing flat.Evan gets a north facing flat. Which of the following pairs is exactly opposite to each other?
A', 'B' and 'C' are partners in a partnership firm named A, B & C. 'A' retires from the firm without giving any public notice. Thereafter, an existing creditor lends Rs. ten lakh to the firm on the basis of his knowledge that 'A', 'B' and 'C' are the three partners in the firm. This amount remains unpaid by the firm. The creditor wants to recover the unpaid loan amount from the firm.