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    Principles of Microeconomics
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    Exam 10: Identifying Markets and Market Structures
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    Imagine That You Own a Firm That Operates in a Perfectly
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Imagine That You Own a Firm That Operates in a Perfectly

Question 144

Question 144

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Imagine that you own a firm that operates in a perfectly competitive industry. What will happen to the market price in your industry if you decide to triple your output?

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Since each firm's market share...

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