Why is it that the industry demand curve slopes downward when the demand curves faced by individual

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Why is it that the industry demand curve slopes downward when the demand curves faced by individual firms in perfectly competitive markets are horizontal?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:50 AM

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Explain why a demand curve slopes downward.
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Why is it that the industry demand curve slopes downward when the demand curves faced by individual

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Every firm in a competitive market is so small that it can increase production ...View the full answer

Microeconomics

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