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    Managerial Economics Study Set 1
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    Exam 8: Market Structure and Long Run Equilibrium
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    In a Competitive Industry​
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In a Competitive Industry​

Question 12

Question 12

Multiple Choice

In a competitive industry​


A) ​firms sell more if price is above marginal cost
B) firms sell more is price is below marginal cost
C) firms sell less if price is above marginal cost
D) ​none of the above

Correct Answer:

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