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Mandolina Mandolina
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7 years ago
Which of the following statements was made by a person in a purely competitive industry?
A) "We can charge more than our rivals because our product is so much better."
B) "I think we can count on earning those profits at least until our patent expires."
C) "If we cut back on our output, we should be able to drive the price up significantly."
D) "If we don't charge the same price as everyone else, we're not going to sell anything."
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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7 years ago
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Mandolina Author
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#2
7 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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