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  2. Topic
    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 7: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If More Firms Enter a Perfectly Competitive Industry, Market Equilibrium
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If More Firms Enter a Perfectly Competitive Industry, Market Equilibrium

Question 2

Question 2

True/False

If more firms enter a perfectly competitive industry, market equilibrium price will increase.

Correct Answer:

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