English, asked by shivampandey1310, 2 months ago

Under perfect competition, the demand curve is

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Answered by Anonymous

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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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