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Which of the following statements is NOT true for a perfectly competitive firm?

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Which of the following statements is NOT true for a perfectly competitive firm?

Which of the following statements is NOT true for a perfectly competitive firm?

• The firm can influence its demand curve by advertising its product.

• The market demand and supply curves determine the market price.

• The firm's demand curve is perfectly elastic.

• A firm's demand curve is horizontal.

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Economics Today: The Micro View

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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