The perfect competitor's horizontal demand curve illustrates

A) perfect mobility of resources.
B) the lack of any influence over price.
C) that the firm is a price maker.
D) that economic profits are impossible in the long run.

Horizontal Demand Curve

A graphical representation of a market where the quantity demanded changes significantly while the price remains constant.

Perfect Competitor

A theoretical economic concept where an individual firm cannot influence the market price of the good or service it produces.

Price Maker

is an entity that has control over the price of the goods or services it provides, often due to a lack of competition.