In a perfectly competitive industry,the market demand curve is usually:

Name: In a perfectly competitive industry,the market demand curve is usually:
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In a perfectly competitive industry, while individual firms face a perfectly elastic demand curve due to the presence of many sellers offering identical products, the market demand curve for the entire industry is downward-sloping. This reflects the overall market behavior, where the quantity demanded increases as the price decreases, and vice versa.

In a Perfectly Competitive Industry,the Market Demand Curve Is Usually