Assertion: monopolist's demand curve | /r/HasProperty | perceived by competitive firm
Facets:
value: perfectly
type: DEGREE
Source sentences:
text: Demand Curves Perceived by a Perfectly Competitive Firm and by a Monopoly A perfectly competitive firm acts as a price taker, so its calculation of total revenue is made by taking the given market price and multiplying it by the quantity of output that the firm chooses.
text: In effect, the demand curve perceived by a perfectly competitive firm is a tiny slice of the entire market demand curve.
text: How is the demand curve perceived by a perfectly competitive firm different from the demand curve perceived by a monopolist?
text: The reason for the difference is that each perfectly competitive firm perceives the demand for its products in a market that includes many other firms; in effect, the demand curve perceived by a perfectly competitive firm is a tiny slice of the entire market demand curve.
text: How is the demand curve perceived by a perfectly competitive firm different from the demand curve perceived by a monopolist?
text: The reason for the difference is that each perfectly competitive firm perceives the demand for its products in a market that includes many other firms; in effect, the demand curve perceived by a perfectly competitive firm is a tiny slice of the entire market demand curve.
text: In effect, the demand curve perceived by a perfectly competitive firm is a tiny slice of the entire market demand curve.
text: How is the demand curve perceived by a perfectly competitive firm different from the demand curve perceived by a monopolist?
text: The reason for the difference is that each perfectly competitive firm perceives the demand for its products in a market that includes many other firms; in effect, the demand curve perceived by a perfectly competitive firm is a tiny slice of the entire market demand curve.