Question content area

Part $1$

If the corn industry is perfectly$$ competitive, $\_\_\_\_\_\_\_\_$ for corn is downward sloping and$\_\_\_\_\_\_\_\_$ is horizontal.

Part $2$

A$.$

marginal revenue$$ curve; average total cost curve

B$.$

the market demand$$ curve; an individual corn$$ producer's demand curve

C$.$

the marginal cost$$ curve; the marginal revenue curve

D$.$

an individual corn$$ producer's demand$$ curve; the marginal revenue curve