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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
If there are 100 identical firms in a perfectly competitive industry, and the typical firm supplies 50 units of output at a price of $30, the industry output is 5,000 units at a price of $30.
A) True
B) False
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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6 years ago
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sinerus Author
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6 years ago
Helped a lot
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