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Q. |
Demand curve of a firm under perfect competition is : |
A. | horizontal to ox-axis |
B. | negatively sloped |
C. | positively sloped |
D. | U - shaped |
Answer» A. horizontal to ox-axis | |
Explanation: Under Perfect Competition, the firm faces a horizontal demand curve. It can sell any quantity desired at the market price, but cannot sell anything above the market price. |
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