The demand curve faced by a perfectly competitive firm rev: _______

a. has unitary elasticity.
b. yields constant total revenues even when price changes.
c. is identical to the market demand curve.
d. is the same as its marginal revenue curve.

The demand curve faced by perfectly competitive firm is horizontal. This means that if individual firm charges price above the market price, it will not sell anything.

The curve is the same as marginal revenue curve because change in total revenue from selling one more unit(marginal revenue) is the constant market price.

And it holds in perfect market that price equals marginal revenue (P=MR).

The correct option is D.

The demand curve faced by a perfectly competitive firm rev: _______ a. has unitary elasticity. b. yields constant total revenues even when price changes. c. is identical to the market demand curve. d. is the same as its marginal revenue curve.

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The demand curve faced by a perfectly competitive firm rev: _______

a. has unitary elasticity.
b. yields constant total revenues even when price changes.
c. is identical to the market demand curve.
d. is the same as its marginal revenue curve.