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Loraine Loraine
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9 years ago
If a perfectly competitive industry is taken over by a single firm that operates as a single-price monopoly, the price will ________ and the quantity will ________.
A) fall; decrease
B) fall; increase
C) rise; decrease
D) rise; increase
E) not change; decrease
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Loraine Author
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9 years ago
Thanks
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You make an excellent tutor!
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