A monopolist faces a ______ demand curve, while a perfectly competitive firm faces a ______ demand curve.    options:   downward sloping; upward sloping.   horizontal; downward sloping.   downward sloping; horizontal.   downward sloping; vertical.

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A:

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A: Given  The current price of the thread seal tape is 42.00 per roll Price-demand equation: p=60-0.02x…