In a perfectly competitive market,a decrease in output could be caused by

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In a perfectly competitive market, the market price is determined by the intersection of supply and demand curves. A decrease in output could occur if there is a decrease in consumer demand, which would shift the demand curve to the left. This would lead to a decrease in the equilibrium quantity and price in the market, resulting in a decrease in output. An increase in consumer demand, technological innovation, or a decrease in input prices would not cause a decrease in output in a perfectly competitive market.

In a Perfectly Competitive Market,a Decrease in Output Could Be