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smitch6 smitch6
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6 years ago
In a competitive equilibrium, we assume that markets are such that
A) consumers are price takers while firms set prices.
B) firms are price takers while consumers set prices.
C) both consumers and firms are price takers.
D) firms behave strategically in setting their prices.
E) consumers behave strategically in setting their prices.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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6 years ago
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