Ben is a chicken farmer and is in a market that has no product differentiation. We know that for Ben's firm, its demand curve is not the market demand curve
A) although both are downward sloping
B) and its price is greater than its marginal revenue
C) and it is a price taker
D) and is not downward sloping
E) and it is a price maker

Question

Quizplus · Accepted Answer

The Answer of Ben is a chicken farmer and is in a market that has no product differentiation. We know that for Ben's firm, its demand curve is not the market demand curve
A) although both are downward sloping
B) and its price is greater than its marginal revenue
C) and it is a price taker
D) and is not downward sloping
E) and it is a price maker

Ben Is a Chicken Farmer and Is in a Market