Economy, asked by ishu3290, 1 year ago

what firm's demand curve?do you think it is equal to priceline

Answers

Answered by xhandrayandas
0

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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