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Llanis Llanis
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6 years ago
In the absence of any government regulation on price, if a firm has no power to set price on its own, one can safely conclude
A) the demand curve for the firm's product is horizontal.
B) there aren't many firms in the industry.
C) the market is in long-run equilibrium.
D) the firms in this industry are not profitable.
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Microeconomics

Microeconomics


Edition: 6th
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TecShdwTecShdw
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6 years ago
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Llanis Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
nadiia
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Thank you, thank you, thank you!
megan.xo
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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