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Title: Which of the following would be the most likely outcome if all perfectly competitive firms in a ... Post by: LilyGal on Mar 2, 2019 Which of the following would be the most likely outcome if all perfectly competitive firms in a product market join together to form a monopoly?
• Both the rate of output and the quantity of labor input employed will decrease. • Both the rate of output and the quantity of labor input employed will increase. • The rate of output in the market will decrease but the quantity of labor input will increase. • The rate of output in the market will increase but the quantity of labor input will decrease. Title: Which of the following would be the most likely outcome if all perfectly competitive firms in a ... Post by: brigettelearn on Mar 2, 2019 Content hidden
Title: Which of the following would be the most likely outcome if all perfectly competitive firms in a ... Post by: LilyGal on Mar 2, 2019 Thanks
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