Business, 27.07.2019 00:20 kylewinfrey2638

In perfect competition:
the market demand curve is perfectly inelastic while demand for an individual seller's product is perfectly elastic.
the market demand curve is downward sloping while demand for an individual seller's product is perfectly elastic.
the market demand curve is perfectly elastic while demand for an individual seller's product is perfectly inelastic.
the market demand curve and the individual's demand are identical.

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In perfect competition:
the market demand curve is perfectly inelastic while demand for an in...