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2. In a perfectly competitive market, an individual firm faces a demand curve that _____. is perfectly inelastic. is upward-sloping. is horizontal at the equilibrium

2. In a perfectly competitive market, an individual firm faces a demand curve that _____.

is perfectly inelastic.

is upward-sloping.

is horizontal at the equilibrium price.

lies above the marginal revenue curve.

is downward-sloping.

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