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Market demand curve?
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
What factors influence the shape of the market demand curve for a public good?
The shape of the market demand curve for a public good is influenced by factors such as the level of individuals' willingness to pay for the good, the number of people who benefit from the good, and the availability of substitutes for the good.
Is individual demand curve and market demand curve same for identical consumers?
NO
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
Market demand curve?
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
What factors influence the shape of the market demand curve for a public good?
The shape of the market demand curve for a public good is influenced by factors such as the level of individuals' willingness to pay for the good, the number of people who benefit from the good, and the availability of substitutes for the good.
Is individual demand curve and market demand curve same for identical consumers?
NO
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
The demand curve any monopolist uses in making output decisions is?
the same as the market demand curve.
What are the limits of demand curve?
Demand curve is only Accurate for one very specific set of market condition.
If the demand curve shifts to the right, how does this impact the market equilibrium"?
When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What is the shape of demand curve in perfect competition?
The demand curve in a perfectly competitive market is U-shaped owing to the fact that as the economies of scale take effect average costs begin to lower down. Finally though, the diseconomies of scales take effect too thereby causing the average costs to go up hence creating a u-shape for the demand curve.
What does the market demand curve show?
It shows the demand for the product in relation to the price
