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rcline24 rcline24
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Posts: 331
5 years ago
Why is the demand curve horizontal for a perfectly competitive firm?
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Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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wrote...
5 years ago
 The demand curve for a perfectly competitive firm is horizontal to reflect the fact that if it raises its price, its sales will drop to zero. The firm has no control over the market price.
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