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Title: If a firm in a competitive market reduces its output by 20 percent, then as a result the price of its output is likely t

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Q:

If a firm in a competitive market reduces its output by 20 percent, then as a result the price of its output is likely to

           a.   increase.

           b.   remain unchanged.

           c.    decrease by less than 20 percent.

           d.   decrease by more than 20 percent.


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Title: If a firm in a competitive market reduces its output by 20 percent, then as a result the price of its output is likely t

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    • Posted Date: Apr 27, 2012 at 9:12:40 PM

    • The full tutorial is about words long

 
A:
...sp;        a.   increase.        &...
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