Economy, asked by chetnakapadia24gm, 3 months ago

The demand curve faced by an individual seller under perfect competition is​

Answers

Answered by Shanzamunir04
2

Answer:

Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping. ... In a perfectly competitive market, firms cannot decrease their product price without making a negative profit.

Answered by MysticalRainbow
2

Answer:

Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping. ... In a perfectly competitive market, firms cannot decrease their product price without making a negative profit.

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