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    Exam 12: Firms in Perfectly Competitive Markets
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    Ethan Nicholas, Who Developed the IShoot Application for the IPhone
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Ethan Nicholas, Who Developed the IShoot Application for the IPhone

Question 63

Question 63

Multiple Choice

Ethan Nicholas, who developed the iShoot application for the iPhone 3G, found that to maintain sales in a profitable competitive market, the price of a product


A) will usually rise.
B) will usually fall.
C) will usually remain stable.
D) will eventually fall to zero.

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