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The Figure Given Below Shows the Aggregate Demand and Supply

Question 39

True/False

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7 -Under perfect competition, existing firms leave the market in the long run if the price falls below total fixed cost.
-Under perfect competition, existing firms leave the market in the long run if the price falls below total fixed cost.

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