The firm's demand curve and the industry's demand curve are identical in the _________market structure(s).
A) monopoly
B) oligopoly
C) monopolistic competition
D) perfect competition
E) perfect competition and monopolistic

Question

Quizplus · Accepted Answer

In a monopoly market structure, the firm is the sole provider of a particular good or service, making the firm's demand curve identical to the industry's demand curve, as there are no other firms in the industry to share the demand.

The Firm's Demand Curve and the Industry's Demand Curve Are