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Tidy Tidy
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Posts: 4852
9 years ago
Which of the following describes the difference between the market demand curve for a perfectly competitive industry and the demand curve for a firm in this industry?
A) The market demand curve is a horizontal line; the firm's demand curve is downward-sloping.
B) The market demand curve is downward-sloping; the firm's demand curve is a vertical line.
C) The market demand curve can not have a constant slope; the firm's demand curve has a slope equal to zero.
D) The market demand curve is downward-sloping; the firm's demand curve is a horizontal line.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 276 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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9 years ago
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9 years ago
Don't mention it Happy Dummy
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