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    Microeconomics Study Set 44
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    Exam 12: Perfect Competition and the Supply Curve
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 15

Question 15

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Cherry Farm)  Look at the table Cherry Farm. If all cherry farms are the same size, how much will each farm produce in long-run equilibrium? A)  0 pounds B)  4 pounds C)  5 pounds D)  7 pounds
-(Table: Cherry Farm) Look at the table Cherry Farm. If all cherry farms are the same size, how much will each farm produce in long-run equilibrium?


A) 0 pounds
B) 4 pounds
C) 5 pounds
D) 7 pounds

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