A perfectly competitive firm's demand curve coincides with
A)its average-revenue curve and total-revenue curve.
B)its total-revenue curve.
C)both its marginal and average-revenue curves.
D)both its marginal and total-revenue curves.
E)the market demand curve.

Question

Quizplus · Accepted Answer

In perfect competition, a firm's demand curve is perfectly elastic and coincides with both its marginal revenue and average revenue curves, as price equals marginal and average revenue.

A Perfectly Competitive Firm's Demand Curve Coincides with