Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue

تمرين 1

Suppose that the paper clip industry is perfectly competitive. Also assume that the market price for paper clips is 2 cents per paper clip. The demand curve faced by each firm in the industry is:
A) A horizontal line at 2 cents per paper clip.
B) A vertical line at 2 cents per paper clip.
C) The same as the market demand curve for paper clips.
D) Always higher than the firm's MC curve.