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Question 3 In a perfectly competitive market... Firms will compete for business by setting different prices at or above
Posted: Sun Jul 03, 2022 3:43 pm
by answerhappygod
- Question 3 In A Perfectly Competitive Market Firms Will Compete For Business By Setting Different Prices At Or Above 1 (15.42 KiB) Viewed 9 times
Question 3 In a perfectly competitive market... Firms will compete for business by setting different prices at or above the prevailing equilibrium price It will eventually reach long-run equilibrium. A few firms will dominate the market share. Economic profits will be driven down to zero in the short run