Which of the following describes the difference between the market demand curve for a perfectly competitive industry and the demand curve for a firm in this industry?

A) The market demand curve is downward sloping; the firm's demand curve is a vertical line.
B) The market demand curve is downward sloping; the firm's demand curve is a horizontal line.
C) The market demand curve is a horizontal line; the firm's demand curve is downward sloping.
D) The market demand curve can not have a constant slope; the firm's demand curve has a slope equal to zero.


B

Economics

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Indicate whether the statement is true or false

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If foreign input prices increase and the United States is a purchaser of those inputs, then the U.S

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The questions below are based on the table below. Fill in the blank spaces first.  If the product and labor markets are both imperfect, what will be the wage rate paid to the laborer?

What will be an ideal response?

Economics