-Refer to the Above Figure

question 172

Multiple Choice

-Refer to the above figure. Which of the following statements is true about the demand curves for an individual firm in a perfectly competitive industry and a monopoly?

• A) Panel A is the demand curve for a perfectly competitive firm and panel B is the demand curve for a monopoly.
• B) Panel C is the demand curve for a perfectly competitive firm and panel A is the demand curve for a monopoly.
• C) Panel C is the demand curve for a perfectly competitive firm and panel B is the demand curve for a monopoly.
• D) Panel B is the demand curve for a perfectly competitive firm and panel A is the demand curve for a monopoly.

---

Definitions:

Optimum PH

The specific pH level at which an enzyme or biological process operates with maximum efficiency.

Amylase

Amylase is an enzyme produced mainly by the pancreas and salivary glands that helps in the digestion of carbohydrates by breaking down starches into sugars.

Maltose

A disaccharide sugar produced from the enzymatic breakdown of starch that consists of two glucose units.

Substrate

The surface or material on or in which an organism, enzyme, or cell lives or acts, often referring to the substance upon which an enzyme acts.