Assertion: monopolist's demand curve | /r/HasProperty | elastic
Facets:
value: perfectly
type: DEGREE
value: under perfect competition
type: OTHER
value: at the market price
type: OTHER
value: in a competitive market
type: OTHER
value: highly
type: DEGREE
Source sentences:
text: However, a competitive firm always operates at the lowest point of its AC curve since demand curve is perfectly elastic.
text: The demand curve is highly elastic although not "flat".
text: In a competitive market, the demand curve facing a firm is perfectly elastic at the market price, whereas when a firm has market power, its demand curve slopes downward.
text: The demand curve is elastic, rising or falling in response to price.
text: Under perfect competition, demand curve is perfectly elastic.
text: D. firm's demand curve is perfectly elastic.