What is the shape of the demand curve faced by a firm under perfect competition?

CA Foundation · Business Economics · MTP · June 2024
What is the shape of the demand curve faced by a firm under perfect competition?
(A) A. Horizontal
(B) B. Vertical
(C) C. Positively sloped
(D) D. Negatively sloped

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Horizontal

Topics: Indian Economy

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