The demand schedule or curve confronted by the individual. purely competitive firm is

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The demand schedule or curve confronted by the individual, purely competitive firm is Multiple Choice relatively elastic, tha

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Answer

Answer

perfectly elastic.

Explanation: In a
purely competitive market there is large number of sellers. So, no
single seller can influence the price of the commodity. Here, the
firm is a price taker and the demand curve is horizontal or
parallel to x axis. In a perfectly or purely competitive market,
the firm follow the equilibrium price fixed by the industry. Firm’s
demand Curve is perfectly elastic.


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