Comparing the Shape of the Industry and Individual Demand Curve

question 178

Multiple Choice

Comparing the shape of the industry and individual demand curve in perfect competition,

• A)the industry demand curve is horizontal and the individual firm's demand curve is downward sloping.
• B)the industry demand curve is downward sloping and the individual firm's demand curve is horizontal.
• C)both the industry and individual firm's demand curves are downward sloping.
• D)both the industry and individual firm's demand curves are horizontal.

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