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    Exam 8: Profit Maximization and Competitive Supply
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    A Few Sellers May Behave as If They Operate in a Perfectly
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A Few Sellers May Behave as If They Operate in a Perfectly

Question 102

Question 102

Multiple Choice

A few sellers may behave as if they operate in a perfectly competitive market if the market demand is:


A) highly inelastic.
B) very elastic.
C) unitary elastic.
D) composed of many small buyers.

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