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    Exam 12: Competition and the Invisible Hand
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    In a Competitive Market, Firms Acting in Their Own Interest
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In a Competitive Market, Firms Acting in Their Own Interest

Question 96

Question 96

Multiple Choice

In a competitive market, firms acting in their own interest will ______ total industry costs of production.


A) maximize
B) minimize
C) eliminate
D) exaggerate

Correct Answer:

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