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Kyuubi Kyuubi
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6 years ago
A firm in pure competition:
A) always earns profits because pure competition is efficient
B) can only sell a small fraction of its output without lowering the price
C) may earn profits or incur losses in the short run
D) can increase profit whenever price is equal to marginal cost by increasing its output
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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angelverdeangelverde
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6 years ago
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