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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 7: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If a Firm in a Perfectly Competitive Industry Charges a Higher
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If a Firm in a Perfectly Competitive Industry Charges a Higher

Question 5

Question 5

True/False

If a firm in a perfectly competitive industry charges a higher price than that charged by other firms in the industry it will be unable to sell any of its output.

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