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AndrewKraus AndrewKraus
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5 years ago
Which of the following statements correctly describes perfectly competitive market equilibrium?
A) Deviations from equilibrium are temporary and equilibrium is automatically restored.
B) Government intervention is necessary for the market to reach equilibrium.
C) There is always excess supply or excess demand when the market is in equilibrium.
D) Multiple equilibriums are possible for a given set of demand and supply curves.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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#1
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5 years ago
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AndrewKraus Author
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#2
5 years ago
Needed this for my economics assignment, thanks
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#3
2 years ago
thank you
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