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Mandolina Mandolina
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7 years ago
If a purely competitive firm were to raise the price of its product by a small amount, it would
A) lose all of its customers to other sellers in the industry.
B) lose some of its customers but not all of them, since some customers would still prefer its product.
C) earn a slightly higher profit.
D) force other sellers to raise their prices.
E) earn a much higher profit.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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Mandolina Author
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#2
7 years ago
Wwow, couldn't thank you enough
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