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Title: A competitive firm might choose to set its price below the market price, because

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Q:

A competitive firm might choose to set its price below the market price, because

           a.   this would result in higher average revenue.

           b.   this would result in higher profits.

           c.    this would result in lower total costs.

           d.   None of the above are correct.


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Title: A competitive firm might choose to set its price below the market price, because

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    • Posted Date: Apr 27, 2012 at 9:10:15 PM

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A:
...sp;        a.   this would result in higher average revenue.  &n...
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