What type of Demand Curve will a Price Taker Firm have?

-Price Taking Firms have little Power to control the Price - they have to accept the Market Price -This makes it Completely Flat - Perfectly Elastic Demand. This means that MR is always Constant. -NOTE: This is the Firm’s Demand Curve NOT The Market One. HOWEVER, the Market Price IS THE SAME as the Price in the Perfectly Elastic Demand Curve