If the industry under perfect competition faces a downward-sloping demand curve, why does an individual firm face

Question:

If the industry under perfect competition faces a downward-sloping demand curve, why does an individual firm face a horizontal demand curve?

Fantastic news! We've located the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

Question Posted: