Microeconomics

MCQ - 37-4047

Question:

The demand curve for a perfectly competitive firm’s product is

downward sloping and equal to the market demand curve.
perfectly elastic.
perfectly inelastic.
perfectly elastic.
the same as the firm’s marginal cost curve.

Correct Answer: B

Explanation:

Perfectly competitive firms are price takers, so demand for each firm’s product is horizontal: E d = ∞.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: The demand curve for a perfectly competitive firm’s product is , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 37-4047.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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