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Suppose that the tomato industry is perfectly competitive. Also assume thatbthe market price per pound is 2 dollars. The demand curve faced by each furm

Suppose that the tomato industry is perfectly competitive. Also assume thatbthe market price per pound is 2 dollars. The demand curve faced by each furm in the industry is A downward sloping curve Perfectly elastic A horizontal line at 2 dollars per pound Perfectly inelastic

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