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Home Q & A Board Other Fields Homework Help Business Economics
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Retnec Retnec
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7 years ago
If price falls in a purely competitive industry, the short-run response of the firms in that industry will be to reduce output or shut down.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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7 years ago
Smiling Face with Halo Nice!!
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