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9. A price-taking firm faces a A) perfectly inelastic demand. B) downward-sloping marginal revenue curve. downward-sloping supply curve. perfectly elastic demand. E) downward-sloping demand curve. D)

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Related questions

A decreasing-cost industry will have:

a. a downward-sloping supply curve in the long run.
b. an upward-sloping demand curve in the long run.
c. a perfectly elastic long-run supply curve.
d. a perfectly inelastic long-run supply curve.

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