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  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 9: Competitive Markets for Goods and Services
  5. Question
    An Increase in Demand in a Perfectly Competitive Market Will
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An Increase in Demand in a Perfectly Competitive Market Will

Question 4

Question 4

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An increase in demand in a perfectly competitive market will cause a permanent increase in economic profit.

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