Explain why a demand curve slopes downward

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Reference no: EM131917485

Problem

1. Think about a competitive market in which you participate regularly. For each of the characteristics of a competitive market, explain how your market meets these requirements.

2. Think about a noncompetitive market in which you participate regularly. Explain which characteristic(s) of competitive markets your market does not meet.

3. Explain why a demand curve slopes downward.

Reference no: EM131917485

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