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Refer to Figure 23

Question 9

Multiple Choice

Refer to Figure 23.6 for a perfectly competitive firm. Given the current market price, we expect to see A) Entry into this industry. B) Exit from this industry. C) No change in the number of firms in this industry. D) Costs rise to absorb the profits earned by the firms in the industry. Refer to Figure 23.6 for a perfectly competitive firm. Given the current market price, we expect to see


A) Entry into this industry.
B) Exit from this industry.
C) No change in the number of firms in this industry.
D) Costs rise to absorb the profits earned by the firms in the industry.

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