[Answered] The demand curve facing a perfectly competitive firm is a. perfectly elastic b. perfectly ...

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tatyanajohnson

Hero Member
Posts: 569

on: Jun 30, 2018

The demand curve facing a perfectly competitive firm is
a. perfectly elastic
b. perfectly inelastic
c. unit elastic
d. downward-sloping
e. identical to the industry demand curve

Question 2

In order to sell an additional unit of its product, a monopolist must decrease price on all units.
a. True
b. False

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Marked as best answer by a Subject Expert

b614102004

Sr. Member
Posts: 320

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

A

tatyanajohnson

Hero Member
Posts: 569

Reply #2 on: Jun 30, 2018

Thank you

b614102004

Sr. Member
Posts: 320

Reply #3 on: Jun 30, 2018

No problemo

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