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Author Question: In economics, perfect competition refers to a market structure where (Read 29 times)

kmcolvin

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on: Oct 12, 2022

Question 1

The demand curve facing a perfectly competitive firm
◦ depends on the firm's costs of production.
◦ is almost perfectly elastic at the market price.
◦ is the same as the industry or market demand curve.
◦ depends on the firm's technology.
◦ depends on the firm's output.

Question 2

In economics, perfect competition refers to a market structure where
◦ firms can set the price of their product.
◦ firms behave strategically.
◦ firms co-operate with each other.
◦ each firm has zero market power.
◦ all firms are earning profits.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kmcolvin on Oct 12, 2022

rika06@comcast.net

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kmcolvin

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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