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    Price Theory and Applications
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    Exam 7: Competition
  5. Question
    A Competitive Firm's Supply Curve Is Determined by
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A Competitive Firm's Supply Curve Is Determined by

Question 22

Question 22

Multiple Choice

A competitive firm's supply curve is determined by


A) its marginal costs.
B) the market price.
C) the zero-profit condition.
D) its fixed inputs.

Correct Answer:

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