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In a Perfectly Competitive Market

Question 60

Multiple Choice

In a perfectly competitive market


A) a firm faces a perfectly elastic demand because there is unrestricted entry and exit.
B) if a firm raises its price,it will lose some,but not all,of its customers.
C) when a firm sells another unit of output,the addition to total revenue is equal to market price.
D) all of the above
E) none of the above

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