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QUESTION 7 Perfectly competitive firms are described as _______ and face _______ demand curves. a. price-takers; vertical b. price-makers; vertical c. price-takers; horizontal d. price-makers;
QUESTION 7
- Perfectly competitive firms are described as _______ and face _______ demand curves.
| a. | price-takers; vertical | |
| b. | price-makers; vertical | |
| c. | price-takers; horizontal | |
| d. | price-makers; horizontal |
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
