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Author Question: If a typical firm in a perfectly competitive industry is incurring losses, then A) some firms ... (Read 114 times)

cherise1989

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If a typical firm in a perfectly competitive industry is incurring losses, then
 
  A) some firms will enter in the long run, causing market supply to increase and market price to rise increasing profit for all firms.
  B) some firms will exit in the long run, causing market supply to decrease and market price to fall increasing losses for the remaining firms.
  C) some firms will exit in the long run, causing market supply to decrease and market price to rise increasing profits for the remaining firms.
  D) all firms will continue to lose money.

Question 2

The antitrust law that prohibits price discrimination on grounds that it reduces competition is
 
  A) the Federal Trade Commission Act. B) the Clayton Act.
  C) the Robinson-Patman Act. D) the Sherman Act.


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Meganchabluk

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cherise1989

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Reply 2 on: Jun 29, 2018
Excellent


sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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