what is Demand curve in perfect competition

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06-01-2022
Social Studies

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what is Demand curve in perfect competition

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Hadiyaherikaperalta0idn Hadiyaherikaperalta0idn · Answer 1 · 2022-01-06T12:09:39-05:00

Hadiyaherikaperalta0idn Hadiyaherikaperalta0idn

06-01-2022

Answer:

A perfectly competitive firm's demand curve is a horizontal line at the market price. ... The marginal revenue received by the firm is the change in total revenue from selling one more unit, which is the constant market price. So a perfectly competitive firm's demand curve is the same as its marginal revenue curve.

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Mahesharanthiliniidn Mahesharanthiliniidn · Answer 2 · 2022-05-04T01:51:54-04:00

Mahesharanthiliniidn Mahesharanthiliniidn

04-05-2022

♨ANSWER♥

A perfectly competitive firm's demand curve is a horizontal line at the market price. This result means that the price it receives is the same for every unit sold. The marginal revenue received by the firm is the change in total revenue from selling one more unit, which is the constant market price.

☆...hope this helps...☆

_♡_mashi_♡_

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