The position of a perfectly competitive firm's demand curve remains constant with change in the market price.

Name: The position of a perfectly competitive firm's demand curve remains constant with change in the market price.
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Question

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In a perfectly competitive market, each firm faces a perfectly elastic demand curve at the market price, meaning the firm can sell any quantity at the market price. If the market price changes, the position of the firm's demand curve shifts accordingly.

The Position of a Perfectly Competitive Firm's Demand Curve Remains