The Residual Demand Curve Shows

Multiple Choice

The residual demand curve shows:

A) the quantity that the dominant firm sells at each price after accounting for the fringe firms' output.
B) the quantity that fringe firms sell at each price based on the output of the dominant firm.
C) the quantity that the dominant firm supplies at each price irrespective of the market output.
D) the combined quantity that is sold at each price in the market by the dominant and fringe firms.