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Figure 8.4 Use the following to answer question: Figure 8.4 -(Figure 8.4) In a perfectly competitive market with 5,000 firms, the equilibrium price and quantity are $0.70 and 3.0 million units. The demand curve facing a firm in this market is represented by: A) panel a. B) panel b. C) panel c. D) panel d.
-(Figure 8.4) In a perfectly competitive market with 5,000 firms, the equilibrium price and quantity are $0.70 and 3.0 million units. The demand curve facing a firm in this market is represented by:


A) panel a.
B) panel b.
C) panel c.
D) panel d.

Correct Answer:

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