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    Microeconomics Private and Public Choice Study Set 1
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    Exam 9: Price Takers and the Competitive Process
  5. Question
    If the Model of Price-Taking Firms Is So Unrealistic and Restrictive
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If the Model of Price-Taking Firms Is So Unrealistic and Restrictive

Question 192

Question 192

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If the model of price-taking firms is so unrealistic and restrictive, why study it?

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It may be somewhat unrealistic, but it d...

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