Ask Question
2 February, 13:33

For the perfectly competitive broccoli producers in California, the market demand curve for broccoli is A. downward sloping. B. the same as the demand curve each firm faces. C. upward sloping. D. nonexistent.

+1
Answers (1)
  1. 2 February, 14:40
    0
    The correct answer is A that is downward sloping.

    Explanation:

    A perfectly competitive market is the one where the firm is the price taker, that means they must accept the price set by the market.

    In this market, the slope is downward sloping which means when the price drop or rise, people bought more or less good for the same amount of the money.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “For the perfectly competitive broccoli producers in California, the market demand curve for broccoli is A. downward sloping. B. the same as ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers