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

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

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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Question Posted: Nov 18, 2013 09:33 AM

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

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A demand curve is always downward slopping because it is having ...View the full answer

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