Perfectly competitive firms are price takers because. . Select one: a. Their demand curves are downward sloping. b. There are no good substitutes for their goods. c. Many other firms produce identical products d. Each firm is very large

What is a price​ taker? A price taker is   A. a firm with a perfectly inelastic demand curve.   B. a firm that has the ability to charge a price greater than marginal cost.   C. a firm that is unable to affect the market price.   D. a firm that does not seek to maximize profits.   E. a firm with a​ downward-sloping demand curve. When are firms likely to be price​ takers? A firm is likely to be a price taker when   A. it has market power.   B. firms in the industry collude.   C. it sells a differentiated product.   D. it represents a small fraction of the total market.   E. barriers to entry are substantial.

A perfectly competitive firm's short-run supply curve is the same as Selected Answer: b. the market demand curve. Answers: a. the supply curve of all the other firms in the industry. b. the market demand curve. c. the marginal cost curve. d. the portion of its average variable cost curve above the average total cost curve. e. the portion of its marginal cost curve above the minimum average variable cost.

The figure is not finished but how will you draw the long run equilbirum at the price of $100 on this?