Pure Competition e So what is the demand curve faced by the individual firm?
Pure Competition ◆So what is the demand curve faced by the individual firm?
Pure Competition Output unit Market Supply Market Demand Y
Pure Competition Y $/output unit Market Supply Market Demand pe
Pure Competition Output unit Market Supply At a price of p’, zero s demanded from the firm Market Demand y
Pure Competition y $/output unit Market Supply pe p’ At a price of p’, zero is demanded from the firm. Market Demand
Pure Competition Output unit Market Supply At a price of p’, zero s demanded from the firm p Market Demand y At a price of p"'the firm faces the entire market demand
Pure Competition y $/output unit Market Supply pe p’ p” At a price of p” the firm faces the entire market demand. At a price of p’, zero is demanded from the firm. Market Demand
Pure Competition e So the demand curve faced by the individual firm is
Pure Competition ◆So the demand curve faced by the individual firm is