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draw and compare the demand curves …

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draw and compare the demand curves of a firm under perfect competition and monoply.

    • Posted by Pardeep Kumar 6 years, 10 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Abhishek Thakur 6 years, 10 months ago

    Demand curve under perfect competition is parallel to X-axis i.e. perfectly elastic because firm is price taker and it cant influence price Monopoly is a price maker so,that to increase their demand they should fall their price. So, that demand curve is downward sloping steeper demand curve.

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