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  3. Study Set
    Managerial Economics Study Set 4
  4. Exam
    Exam 8: Pricing and Output Decisions: Perfect Competition and Monopoly Appendices 8A and 8B
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    In Perfect Competition
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In Perfect Competition

Question 11

Question 11

Multiple Choice

In perfect competition


A) the firm's demand curve is relatively elastic.
B) the firm's demand curve is relatively inelastic.
C) the firm's demand curve is perfectly elastic.
D) the firm's demand curve is perfectly inelastic.

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