The demand curve for a perfectly competitive firm's product is the same as the:

Question

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In a perfectly competitive market, the demand curve faced by an individual firm is perfectly elastic because the firm is a price taker. This means that the firm can sell any quantity of its product at the market price. Therefore, the price (which is what the firm receives for each unit sold) is equal to the marginal revenue (the additional revenue the firm earns by selling one more unit). Hence, the demand curve for a perfectly competitive firm's product is the same as its marginal revenue curve.

The Demand Curve for a Perfectly Competitive Firm's Product Is