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stoneskin21 stoneskin21
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5 years ago
In the dominant firm model as evidenced by the production of iPods by Apple, the entrance of the competitive fringe firms has what effect on the dominant firm?
A) Its price is lower, but it produces more output.
B) Its price is lower, and it produces less output.
C) Its price is the same, but it produces less output.
D) Its price is higher, but it produces more output.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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mnkmnk
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#1
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5 years ago
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stoneskin21 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sakoon
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Yesterday
This helped my grade so much Perfect
missnoname
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2 hours ago
Thanks
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