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What does perfectly elastic demand curve faced by a competitive firm indicate?

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प्रश्न

What does perfectly elastic demand curve faced by a competitive firm indicate?

एक पंक्ति में उत्तर
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उत्तर

A perfectly elastic demand curve faced by a competitive firm indicates that a price is given to the firm, and the firm has no control over the given price. 

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अध्याय 5: Nature and Structure of Markets - QUESTION BANK [पृष्ठ १४१]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 28. | पृष्ठ १४१
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 32. | पृष्ठ ११९

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