In a perfectly competitive market,an individual firm's demand curve is horizontal at the market price.

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In a perfectly competitive market, each individual firm is a price taker and must accept the market price. Therefore, their demand curve is horizontal at the market price, as any increase in price would lead to no sales and any decrease in price would lead to an infinite demand, as there are many other firms offering the same product.

In a Perfectly Competitive Market,an Individual Firm's Demand Curve Is