In perfect competition,the market demand curve for a product is flat or horizontal.

Name: In perfect competition,the market demand curve for a product is flat or horizontal.
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Quizplus · Accepted Answer

In perfect competition, it is the individual firm's demand curve that is perfectly elastic (flat or horizontal), not the market demand curve. The market demand curve typically slopes downward, indicating that higher quantities are demanded at lower prices.

In Perfect Competition,the Market Demand Curve for a Product Is