The perfectly competitive firm's demand curve has

Name: The perfectly competitive firm's demand curve has
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The perfectly competitive firm's demand curve is perfectly elastic or horizontal, which means it has a slope of 0. This is because the firm is a price taker and must accept the market price for its output regardless of the quantity it produces. Therefore, the firm can sell any quantity of output at the same price, resulting in a demand curve with a horizontal slope.

The Perfectly Competitive Firm's Demand Curve Has