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Author Question: The cranberry market is perfectly competitive. Reports that consuming cranberries can lead to ... (Read 42 times)

sam.t96

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on: May 24, 2019
The cranberry market is perfectly competitive. Reports that consuming cranberries can lead to improved health result in a permanent increase in the demand for cranberries and an immediate upward jump in the price of cranberries. As time passes, the price of cranberries ________ and the initial firms' economic ________.
◦ falls; profit will be eliminated
◦ rises still higher; loss will be eliminated
◦ rises still higher; profit will not change
◦ falls; loss will be increased
◦ falls; profit will not change
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by sam.t96 on May 24, 2019

mrphibs

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Reply #1 on: May 24, 2019
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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sam.t96

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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