If all conditions for a perfectly competitive market are met, A) firm
If all conditions for a perfectly competitive market are met,
A) firms face sunk cost when entering the market.
B) firms’ demand curves are horizontal.
C) the market demand curve is horizontal.
D) the firms’ demand curves are downward-sloping.
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.