Economics · Market Structure

Under perfect competition, the demand curve faced by an individual firm is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Downward sloping
2Upward sloping
3Perfectly elastic✓
4Perfectly inelastic

Correct answer

Perfectly elastic

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Under perfect competition, the demand curve faced by an individual firm is:

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Under perfect competition, the demand curve faced by an individual firm is:

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