Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-The market-demand curve for a product in a perfectly competitive market:

A) is horizontal.
B) is downward sloping.
C) is vertical.
D) has elasticity equal to 1.
E) is positively sloped.