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    Business
  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 11: Input Markets and the Allocation of Resources
  5. Question
    In a Competitive Market, Firms Value Inputs
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In a Competitive Market, Firms Value Inputs

Question 66

Question 66

Multiple Choice

In a competitive market, firms value inputs:


A) the same as consumers.
B) at a lower level than consumers.
C) independently of consumers.
D) at a higher level than consumers.

Correct Answer:

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