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Dorthy Dorthy
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3 years ago
In a perfectly competitive market with 100 identical firms producing at market price p1

▸ the supply curve is flatter than if there were only 50 identical firms.

▸ the supply curve is more elastic than if there were only 50 identical firms.

▸ the firms have identical marginal costs.

▸ All of these.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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Horsegirl764Horsegirl764
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3 years ago
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