The monopoly demand curve is –, while the perfectly competitive firm’s demand curve is –. This is because a monopoly is the only producer in an industry, so the monopoly firm’s – curve is the same as the market demand curve, while the perfectly competitive firm produces in a market with – competitors

Question

27-11-2019
Business

contestada

The monopoly demand curve is –, while the perfectly competitive firm’s demand curve is –. This is because a monopoly is the only producer in an industry, so the monopoly firm’s – curve is the same as the market demand curve, while the perfectly competitive firm produces in a market with – competitors

Respuesta :

Otras preguntas

Which safe and legal options do teen parents have if they think they are not ready to be parents? Check all that apply. Leave the baby in front of someone's doo

how does science affect us

true or false.the Baltic states have taken steps to diversify. or decrease the variety of their industries

please help asap urgent

Pastoral farming is best described as _______. a. a method of raising livestock and moving herds b. an African method of agriculture c. a method of cultivating

According to the biography of Harriet Tubman you read, what physical trauma did Harriet Tubman experience as a young girl?A.) She was repeatedly raped by an ove

Match the situations that will help develop one's personality and those that won't Peter is surrounded by friends who are always encouraging him Jonathan always

17. A grab bag contains 3 football cards and 7 basketball cards. An experiment consists of taking one card outof the bag. replacing it, and then selecting anoth

Select the coordinates of two points that are on the line x = 5 (5,0) and (0,5) 15, 0) and (5,-2) 5,0) and (0, 2) 0, 5) and (0, 2)

What would most likely happen if green plants were exposed to longer days of sunlight? A. The mitochondria would produce less energy . B. The chloroplasts would

ACCESS MORE EDU ACCESS

DelcieRiveria DelcieRiveria · Answer 1 · 2019-11-28T09:17:04+01:00

Answer:

downward sloping; horizontal line; individual demand; large number of competitors

Explanation:

A monopoly firm is a single producer in the market with no close substitutes. It is a price maker and thus faces a downward-sloping demand curve.

A perfectly competitive firm, however, faces a horizontal line demand curve as it is a price taker. There is a large number of firms in a perfectly competitive market. These firms produce homogenous products. So no single firm can affect the price level.

In monopoly, the individual and market demand curve is the same as the firm is the only producer in the market. While, the market demand curve in a perfectly competitive market is downward sloping, as the firm is operating with a large number of competitors.