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    Exam 8: Short-Run Costs and Output Decisions
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    An Individual Firm's Demand Curve in a Perfectly Competitive Market
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An Individual Firm's Demand Curve in a Perfectly Competitive Market

Question 248

Question 248

Multiple Choice

An individual firm's demand curve in a perfectly competitive market is


A) downward sloping.
B) upward sloping.
C) perfectly elastic.
D) perfectly inelastic.

Correct Answer:

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