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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    Because Its Market Share Is Insignificant, a Perfectly Competitive Firm
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Because Its Market Share Is Insignificant, a Perfectly Competitive Firm

Question 60

Question 60

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Because its market share is insignificant, a perfectly competitive firm faces an inelastic demand curve.

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