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    Microeconomics Study Set 8
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    Exam 8: Firms in Perfectly Competitive Markets
  5. Question
    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 199

Question 199

Multiple Choice

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


A) Few firms in the market
B) Identical products
C) Ease of entry
D) Blocked entry

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