The demand curve perceived by a perfectly competitive firm
A. shows that such a firm is a price-maker
B. shows economies of scale over a large range of output
C. is horizontal
D. all of the above
Answer:C
The demand curve perceived by a perfectly competitive firm
A. shows that such a firm is a price-maker B. shows economies of scale over a large range of output C. is horizontal D. all of the above
Explanation: 57. The total revenue curve for a monopolist will