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    Exam 12: Competition and the Invisible Hand
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    In a Perfectly Competitive Market, Each Firm Produces Its Last
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In a Perfectly Competitive Market, Each Firm Produces Its Last

Question 135

Question 135

Multiple Choice

In a perfectly competitive market, each firm produces its last unit at:


A) the same marginal cost.
B) a unique marginal cost.
C) one of two marginal costs.
D) one of several marginal costs.

Correct Answer:

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