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Kyuubi Kyuubi
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Posts: 1012
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6 years ago
The purely competitive firm's demand curve is:
A) downward sloping but relatively elastic because of the large number of close substitutes available
B) downward sloping but relatively inelastic because of the large number of firms in the market
C) vertical because of homogeneous product availability
D) horizontal because the firm cannot affect the market price
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
Read 39 times
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