SOLVED:A perfectly competitive firm has a demand curve, whereas a monopolistic competitive firm has a demand curve.

SOLVED: In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricemakers . true or false: the market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets.

SOLVED: A perfectly competitive market has 1,000 firms. In the very short run, each of the firms has a fixed supply of 100 units. The market demand is given by Q=160,000-10,000 P a Calculate the equilibrium price in the very short run. b. Calculate the demand schedule facing any one firm in this industry. c. Calculate what the equilibrium price would be if one of the sellers decided to sell noth ing or if one seller decided to sell 200 units. d. At the original equilibrium point, calculate t