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The Demand Curve for the Product of a Firm in a Competitive

Question 169

Multiple Choice

The demand curve for the product of a firm in a competitive market is ________,and the demand curve for the product of a monopolist is ________.


A) perfectly inelastic; downward sloping
B) horizontal; perfectly inelastic
C) downward sloping; perfectly elastic
D) downward sloping; horizontal
E) perfectly elastic; downward sloping

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