A market structure is defined in terms of the number and sizes of buyers and s market, the type of product traded on the market, and etc. If a market is perfec the demand curve facing a perfectly competitive firm must be; a. downward-sloping and more flat than the market demand curve.

A market structure is defined in terms of the number and sizes of buyers and s market, the type of product traded on the market, and etc. If a market is perfec the demand curve facing a perfectly competitive firm must be; a. downward-sloping and more flat than the market demand curve.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter10: The Firm And The Industry Under Perfect Competition

Section: Chapter Questions

Problem 2DQ

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Question

A market structure is defined in terms of the number and sizes of buyers and sellers on a
market, the type of product traded on the market, and etc. If a market is perfectly competitive,
the demand curve facing a perfectly competitive firm must be;
a.
downward-sloping and more flat than the market demand curve.
O b. downward-sloping and less flat than the market demand curve.
O C. the same as the market demand curve.
O d. perfectly horizontal.

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