#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Firms operating under imperfect competition face downward-sloping demand curves. Unlike firms operating under perfect competition, firms in imperfect competition must decide what price to charge for their product. For this reason, firms that face downward- sloping demand curves are referred to as price searchers.
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p65
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