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    Exam 23: Perfect Competition
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    "Demand Curves Slope Down, So the Demand Curve Faced by a Perfectly
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"Demand Curves Slope Down, So the Demand Curve Faced by a Perfectly

Question 427

Question 427

Essay

"Demand curves slope down, so the demand curve faced by a perfectly competitive firm must also be downward sloping." Do you agree or disagree? Why?

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Disagree. Market demand curves slope dow...

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