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-Refer to Figure 23

Question 70

Multiple Choice

-Refer to Figure 23.6 for a perfectly competitive firm.Given the current market price,we expect to see A) Firms exit from the industry,driving up the market price. B) Firms exit from the industry,driving down the market price. C) No change in the number of firms in the industry and no change in the market price.
-Refer to Figure 23.6 for a perfectly competitive firm.Given the current market price,we expect to see


A) Firms exit from the industry,driving up the market price.
B) Firms exit from the industry,driving down the market price.
C) No change in the number of firms in the industry and no change in the market price.

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