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brief but complete answers. What is a competitive market? Briefly describe the types of markets other than perfectly competitive markets. (5 marks) 2. What is the demand curve? Why does it slope downward? (5 marks) 3. Define the equilibrium of a market. Describe the forces that move a market toward its equilibrium. (5 marks) 4. Describe the role of prices in market economies. (5 marks) 0% of final grade