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Exhibit 8.13 -Refer to Exhibit 8.13,which Shows a Perfectly Competitive Market.If the Perfectly

Question 167

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Exhibit 8.13
Exhibit 8.13 -Refer to Exhibit 8.13,which shows a perfectly competitive market.If the market price is less than $5,_____ A) there is a producer surplus. B) there is a consumer surplus. C) new firms will enter the industry. D) existing firms will leave the industry. E) the number of firms will stay the same.
-Refer to Exhibit 8.13,which shows a perfectly competitive market.If the market price is less than $5,_____


A) there is a producer surplus.
B) there is a consumer surplus.
C) new firms will enter the industry.
D) existing firms will leave the industry.
E) the number of firms will stay the same.

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