Answered

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A perfectly competitive firm is a price taker. Therefore, it faces a
Select one:
O a. perfectly elastic supply curve for its output
O b. perfectly inelastic demand curve for its output
c. perfectly elastic demand curve for its output
O d. perfectly inelastic supply curve for its output
O e. unit-elastic demand curve for its output

Sagot :

GinnyAnswer

Final answer:

In a perfectly competitive market, a firm is a price taker facing a perfectly elastic demand curve for its output, allowing it to sell any quantity at the market price.


Explanation:

A perfectly competitive firm is a price taker, meaning it has perfectly elastic demand for its output. This implies that the firm can sell any quantity of output at the market price without affecting it.


Learn more about Perfect competition here:

https://brainly.com/question/32771715


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