Refer to Figure 7-1

question 25

Multiple Choice

Refer to Figure 7-1. Graphs A and B together demonstrate the effect that a change in market demand has on the demand curve faced by an individual firm. In this case, the firm is:Figure 7-1

• A)producing a differentiated product from other firms in the market.
• B)quite large relative to the market output as a whole.
• C)a price taker.
• D)technologically more advance than other firms in the market.
• E)the controller of price in the market.