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    Economics Principles and Policy Study Set 2
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    Exam 10: The Firm and the Industry Under Perfect Competition
  5. Question
    Why Doesn't a Perfectly Competitive Firm Charge a Price Slightly
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Why Doesn't a Perfectly Competitive Firm Charge a Price Slightly

Question 160

Question 160

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Why doesn't a perfectly competitive firm charge a price slightly higher than the industry price in order to earn extra profit?

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A perfectly competitive firm is producin...

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