The number of firms in a perfectly competitive market:
A) is fixed in the short run.
B) is fixed in the long run.
C) varies in the short run.
D) is the same at all possible long run equilibria.
Correct Answer:
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Q98: If the market price falls below the
Q99: <p><b><b><span style="font-size:20pt;"><span style="color:#FF0000;"> Q100: The market price has fallen below a Q101: The graph shown displays the cost curves Q102: In the short run, we assume that Q104: If a firm in a perfectly competitive Q105: In the long run in a perfectly Q106: <p><b><b><span style="font-size:20pt;"><span style="color:#FF0000;"> Q107: The graph shown displays the cost curves Q108: The graph shown displays the cost curves
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