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The Market for Fish Is Perfectly Competitive

Question 79

Multiple Choice

The market for fish is perfectly competitive. So, the price elasticity of demand for fish from a single fishing boat


A) is less than the elasticity of demand for fish overall.
B) equals the elasticity of demand for fish overall.
C) is greater than the elasticity of demand for fish overall.
D) is sometimes greater than and sometimes less than the elasticity of demand for fish overall.

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