brndak8556 brndak8556
  • 23-03-2019
  • Business
contestada

Explain why the demand curve for the market is downward sloping but is horizontal or completely elastic for an individual firm.

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vielmrlorgozz
vielmrlorgozz vielmrlorgozz
  • 23-03-2019
An entire industry (all firms producing a particular product) can affect price by changing industry output.
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