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kristen299 kristen299
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A year ago
In imperfectly competitive markets, "administered" prices usually change ________ than prices in perfectly competitive markets, because ________.

▸ less often; changing prices is costless

▸ less often; changing prices is costly

▸ more often; they are more flexible

▸ more often; perfectly competitive firms are price takers

▸ more often; price becomes a strategic choice
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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thomas1993thomas1993
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A year ago
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