The demand curve faced by firms in a perfectly competitive market is horizontal to reflect the fact that _____.(1 point)
Responses
individual firms are unable to influence the market price
individual firms are unable to influence the market price
individual firms offer a homogeneous product
individual firms offer a homogeneous product
individual firms are capable of influencing the market price
individual firms are capable of influencing the market price
individual firms offer a differentiated product
1 answer
individual firms are unable to influence the market price