So $1.50 $1.25 $0.75 Do 350 q In the above figure, assume that So represents the industry supply curve and Do represents the demand curve in a perfectly competitive market. What can be said about the demand curve that an individual firm faces? An individual firm will face a horizontal demand curve at $1.25. An individual firm will face the demand curve indicated by Do- An individual firm will face a downward sloping demand curve starting at $1.25. O An individual firm will face a vertical demand curve at 250