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Assume That All Firms in This Industry Have Identical Cost

Question 46

Multiple Choice

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. In the short run, firms in this market will shut down if the market price is: A) greater than $10. B) less than $15. C) less than $10. D) less than $5 In the short run, firms in this market will shut down if the market price is:


A) greater than $10.
B) less than $15.
C) less than $10.
D) less than $5

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