We assume that in the short run in a perfectly competitive market the:
A) number of firms is fixed.
B) total quantity supplied is fixed.
C) price is fixed.
D) All of these are true of the short run.
Correct Answer:
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Q112: Q113: If a firm is earning a negative Q114: If a firm is earning a positive Q115: The market supply in a perfectly competitive Q116: If firms are producing at a profit-maximizing Q118: In the short run,we assume that the Q121: In the long run,firms in a perfectly Q122: As the equilibrium price falls in a Q135: If firms are producing at a profit-maximizing Q139: If firms are producing at a profit-maximizing
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