Micro Unit 4.4 CW: Comparing PC and Monopoly Graphs (MS)

Both firms are selling their products in purely competitive markets.

The demand for Firm A'S product is perfectly elastic.

The demand for Firm B's product is elastic at all prices in excess of $4.

Firm B's average revenue curve coincides with its marginal revenue curve.

The demand for Firm B'S product is inelastic at all prices below $4.

If drawn, Firm A's average revenue curve would lie below its demand curve.