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Question 1 (1 point) Which of the following is characteristic of a perfectly competitive firm's demand curve it is perfectly inelastic since the firm is

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Question 1 (1 point) Which of the following is characteristic of a perfectly competitive firm's demand curve it is perfectly inelastic since the firm is a price taker it is horizontal line at the market price since the firm is a price maker it is a horizontal line drawn at the market price since the firm is a price taker its marginal revenue is always greater than the price it is the same as the entire market's demand curve since the firm is a price maker

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