Question: Under perfectly competitive markets: Demand faced by a representative firm is horizontal. Marginal revenue is equal to price. demand is infinitly elastic. all of

Under perfectly competitive markets: Demand faced by a representative firm is horizontal.

Under perfectly competitive markets: Demand faced by a representative firm is horizontal. Marginal revenue is equal to price. demand is infinitly elastic. all of the above

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ANSWER C Demand is infinity elastic Any amount of a good can be demanded at or below the price level ... View full answer

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