The Demand Curve Facing a Perfectly Competitive Firm

question 16

Multiple Choice

The demand curve facing a perfectly competitive firm

• A)is the same as the industry or market demand curve.
• B)is almost perfectly elastic at the market price.
• C)depends on the firm's technology.
• D)depends on the firm's costs of production.
• E)depends on the firm's output.

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Definitions:

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