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Loraine Loraine
wrote...
Posts: 4563
8 years ago
In an industry with a large number of firms,
A) each firm will produce a large quantity, relative to market demand.
B) one firm will dominate the market.
C) collusion is impossible.
D) competition is eliminated.
E) barriers to exit must exist.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 244 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Loraine Author
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8 years ago
Good timing, thanks!
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Yesterday
Helped a lot
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2 hours ago
This site is awesome
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