Why do single firms in perfectly competitive markets face horizontal demand​ curves?   A. With many firms selling an identical​ product, single firms have no effect on market price.   B. With many​ buyers, single firms can sell as much as they want regardless of price.   C. With many firms in the market selling a differentiated ​product, single firms have the ability to charge a constant price.   D. With each firm facing a unique demand for its​ product, single firms can sell as much as they want regardless of price.   E. Both a and b.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Why do single firms in perfectly competitive markets face horizontal demandcurves?
 
A.
With many firms selling an identical​ product, single firms have no effect on market price.
 
B.
With many​ buyers, single firms can sell as much as they want regardless of price.
 
C.
With
many
firms in the market selling
a differentiated
​product, single firms have the ability to charge a constant price.
 
D.
With each firm facing a unique demand for its​ product, single firms
can sell as much as they want regardless of price.
 
E.
Both a and b.
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