A perfectly competitive firm is one that can sell any quantity that it wants at any price it wants.
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Q11: A firm that has not shut down
Q12: A new licensing fee would cause an
Q13: When a competitive firm earns zero profit,the
Q14: Industry's supply curves tend to be less
Q15: In a competitive constant-cost industry,all firms have
Q17: Only variable costs are relevant to a
Q18: In a competitive equilibrium,the industry's output is
Q19: The number of firms in an industry
Q20: A firm earns a positive economic profit
Q21: Which of the following is a good
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