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Agricultural Economics 3rd Edition by Evan Drummond, John Goodwin
Edition 3ISBN: 978-0136071921Agricultural Economics 3rd Edition by Evan Drummond, John Goodwin
Edition 3ISBN: 978-0136071921 Exercise 4
The manager of a perfectly competitive firm is a price taker for both the prices paid for inputs and prices received for products. He or she has no control over prices. What does the firm manager control and adjust in an effort to maximize profits?
Explanation
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Perfect competition model is a model whi...
Agricultural Economics 3rd Edition by Evan Drummond, John Goodwin
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