[Solved] The Basic Difference Between the Market Supply Curve of an Input
The basic difference between the market supply curve of an input and the supply curve of an input to a single perfectly competitive firm is that
A) demand by a single firm can influence the input supply curve, but market demand cannot influence market supply.
B) a single competitive firm always faces a backward-bending input supply curve, whereas the market supply curve infrequently bends backward.
C) the input supply curve for a single firm is perfectly elastic, a condition rarely, if ever, observed in a market supply curve.
D) the input supply curve for a perfectly competitive firm rises more rapidly than the market supply curve.
E) There is no difference; the two supply curves are identical.