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    Managerial Economics in a Global Economy
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    Exam 9: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If the Firm's Demand Curve for a Commodity Is Horizontal
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If the Firm's Demand Curve for a Commodity Is Horizontal

Question 63

Question 63

Multiple Choice

If the firm's demand curve for a commodity is horizontal, then the market structure must be


A) perfect competition.
B) monopoly.
C) imperfectly competitive.
D) The market structure cannot be determined from the information given.

Correct Answer:

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