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How does the firm - specific demand curve in a perfectly competitive market compare to that in a monopoly? The firm - specific demand curve

How does the firm

-

specific demand curve in a perfectly competitive market compare to that in a monopoly?

The firm

-

specific demand curve in a perfectly competitive market is horizontal. The demand curve in a monopoly is downward sloping.

They are the same.

The firm

-

specific demand curve in a perfectly competitive market is horizontal. The demand curve in a monopoly is upward sloping.

The firm

-

specific demand curve in a perfectly competitive market is vertical. The demand curve in a monopoly is horizontal.

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