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Table 14-2 The Market for Whizzly Jigs Consists of Many Identical Firms

Question 112

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Table 14-2
The market for Whizzly Jigs consists of many identical firms, each with the cost structure below. Suppose the current market price is $2.
Table 14-2 The market for Whizzly Jigs consists of many identical firms, each with the cost structure below. Suppose the current market price is $2. -Refer to Table 14-2. With free entry and exit, what will be the long run price of Whizzly Jigs? A) $1.50 B) $2.00 C) $4.00 D) $4.33 Table 14-2 The market for Whizzly Jigs consists of many identical firms, each with the cost structure below. Suppose the current market price is $2. -Refer to Table 14-2. With free entry and exit, what will be the long run price of Whizzly Jigs? A) $1.50 B) $2.00 C) $4.00 D) $4.33
-Refer to Table 14-2. With free entry and exit, what will be the long run price of Whizzly Jigs?


A) $1.50
B) $2.00
C) $4.00
D) $4.33

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