For a perfectly competitive firm, the marginal revenue curve has ________ point(s) in common with the firm's demand curve.
A) one
B) no
C) all
D) Indeterminate from the given information.

Question

Quizplus · Accepted Answer

In a perfectly competitive market, the firm's demand curve is perfectly elastic, meaning it is a horizontal line at the market price. The marginal revenue curve is also a horizontal line at the same price, so they coincide at all points.

For a Perfectly Competitive Firm, the Marginal Revenue Curve Has