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    Microeconomics Study Set 2
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    Exam 12: Firms in Perfectly Competitive Markets
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    What Characteristic of a Competitive Market Has Made the "Long
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What Characteristic of a Competitive Market Has Made the "Long

Question 51

Question 51

Multiple Choice

What characteristic of a competitive market has made the "long run pretty short" in the market for iPhone apps?


A) few firms in the market
B) identical products
C) ease of entry
D) blocked entry

Correct Answer:

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