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If a firm is a price taker a. the firm's demand curve is vertical at the competitive price. b. the firm's demand curve is the

If a firm is a "price taker"

a. the firm's demand curve is vertical at the competitive price.

b. the firm's demand curve is the same as the market demand curve.

c. the firm's demand curve is downward sloping with the intercept at the competitive price.

d. the firm's demand curve is horizontal at the competitive price.

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