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Economics
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If there is no product differentiation at​ all, then the individual firm has a demand curve that is
 
A. Perfectly inelastic and identical to the firm in perfect competition.
B. Slightly downward sloping and identical the firm in monopolistic competition.
C. Perfectly elastic and identical to the firm in perfect competition. 
D. Unit elastic and identical to the firm in perfect competition.

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Prachi Dabas
Prachi DabasLv10
27 Sep 2020
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Related questions

the demand curve facing a monopolist is:

a. vertical, the same as that facing a perfectly competitive firm

b. downward-sloping, like the industry demand curve in perfect competition

c. perfectly inelastic, the same as that facing a perfectly competitive firm

d. upward-sloping, the same as that facing a perfectly competitive firm

The demand curve facing a monopolist is:

a. vertical, the same as that facing a perfectly competitive firm

b. downward-sloping, like the industry demand curve in perfect competition

c. perfectly inelastic, the same as that facing a perfectly competitive firm

d. upward-sloping, the same as that facing a perfectly competitive firm

A major difference between monopolistic competition and perfect competition is:

a. there are barriers to entry in monopolistic competition. There are no barriers to entry in perfectly competitive markets.

b. monopolistically competitive firms sell differentiated products. Perfectly competitive firms sell identical products.

c. government regulation restricts the ability of monopolistically competitive firms to change their prices. Perfectly competitive firms face no price regulation.

d. the market demand curve in a monopolistically competitive market slopes downward. The market demand curve in a perfectly competitive market is horizontal

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