The marginal revenue curve for a perfectly competitive firm is
A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.

Name: The marginal revenue curve for a perfectly competitive firm is A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
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Question

Quizplus · Accepted Answer

In a perfectly competitive market, the marginal revenue curve for a firm is horizontal because the firm is a price taker and can sell any quantity of goods at the market price.

The Marginal Revenue Curve for a Perfectly Competitive Firm Is