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sgy_89 sgy_89
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7 years ago
If a purely competitive firm decided to withhold its entire output from the market,
A) the price of the firm's product would rise significantly.
B) the price of the firm's product would fall significantly.
C) the price of the firm's product would be essentially unchanged.
D) other firms could be counted on to follow the same course of action and drive up price.
E) the price of the firm's product would fall, but not significantly.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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sgy_89 Author
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7 years ago
You make an excellent tutor!
gage
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Yesterday
This helped my grade so much Perfect
shangshang
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Smart ... Thanks!
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