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Author Question: What would happen if a perfectly competitive industry was suddenly monopolized without any change in ... (Read 62 times)

Austinleez3

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on: Oct 12, 2022
What would happen if a perfectly competitive industry was suddenly monopolized without any change in cost conditions?
◦ Price would decrease and quantity produced would increase.
◦ Both price and quantity produced would increase.
◦ Price would increase and quantity produced would decrease.
◦ Both price and quantity produced would decrease.
◦ There would be no change in either price or quantity produced.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Austinleez3 on Oct 12, 2022

butterfly17

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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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Austinleez3

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Reply 2 on: Oct 12, 2022
Excellent

Joy Chen

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

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