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QUESTION 21 The demand schedule or curve confronted by the individual, purely competitive firm is O A. relatively elastic, that is, the elasticity coefficient is

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QUESTION 21 The demand schedule or curve confronted by the individual, purely competitive firm is O A. relatively elastic, that is, the elasticity coefficient is O B. perfectly greater than unity elastic O C. relatively inelastic, that is, the elasticity coefficient is less than unity O D.perfectly inelastic

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