What is the shape of the demand curve faced by a firm under perfect competition?

Horizontal
Vertical
Positively sloped
Negatively sloped

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 1

The shape of the demand curve faced by a firm under perfect competition is Horizontal. The demand curve faced by a firm in a perfectly competitive market is infinitely elastic. Graphically, this means that it is a horizontal line at the market price.

4 views Answered 2022-09-01 13:21

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