It is a profit-maximizing firm

It is a profit-maximizing firm

It is an economically efficient firm

It has at least one fixed input

Its choice of production method

The expansion path on which it ends up

Its isocost lines

Its production function

The market supply curve represents the individual supply curves of all firms which produce the product added together

The market supply curve may shift if there is a change in the behaviour of some firms which produce the product

The market supply curve may shift if there is change in the price of the product

The market supply curve may shift if there is a change in the number of firms which supply the product

The firm will sell its product at the going market price

The demand curve faced by the firm is downward sloping

The demand curve faced by the firm is horizontal even though the market demand curve is downward sloping

The firm would sell nothing if it set a higher price than the market price

The demand curve, average revenue curve, and marginal revenue curve

The demand curve and the average revenue curve, but not the marginal revenue curve

The demand curve and marginal revenue curve, but not the average revenue curve

The average revenue curve and the marginal revenue curve, but not the demand curve