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Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453569Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453569 Exercise 7
Because price searchers can set their prices, does this mean that their prices are unaffected by market conditions In price-searcher markets with low barriers to entry, will the firms be able to make economic profit in the long run Why or why not
Explanation
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No. Prices in a price-searcher market ar...
Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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