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MMLU / The demand curve for a perfectly competitive firm's product is

Problem

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question

The demand curve for a perfectly competitive firm's product is

choices

  1. downward sloping and equal to the market demand curve.
  2. perfectly elastic.
  3. perfectly inelastic.
  4. kinked at the going market price.

subject

high_school_microeconomics

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Source and history

Official source

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