The Demand Curve Faced by a Perfectly Competitive Firm Is

question 230

Multiple Choice

The demand curve faced by a perfectly competitive firm is

• A) horizontal.
• B) vertical.
• C) downward sloping.
• D) upward sloping.
• E) U-shaped.

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Definitions:

Factoring

The practice of raising funds for a business through the sale of accounts receivable.

Finance Company

A business that provides loans to individuals or other companies, typically specializing in sectors like consumer finance, vehicle financing, or business loans.

SBA Express Program

A loan program offered by the U.S. Small Business Administration (SBA) that provides quicker financing solutions to small businesses with simplified paperwork.

Policy Loans

A loan made to a business by an insurance company, using the business’s insurance policy as collateral.