Perfectly competitive firms

A) are only found occasionally.
B) have horizontal demand curves.
C) have some influence over price.
D) may charge a little below price to gain new customers.

Perfectly Competitive Firms

Companies operating in a market where no individual firm has the power to influence market prices or product quality, ensuring no barriers to entry or exit.

Demand Curves

Graphs showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Influence Over Price

The ability of a seller or a buyer to affect the price of goods or services in the market.