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Supply, Demand & Equilibrium Unit Two Test Review Game for Frischman Economics Flashcards | StudBud
Supply, Demand & Equilibrium Unit Two Test Review Game for Frischman Economics
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What happens to a firm in a perfectly competitive market that raises its price(s)?
A
The firm will go out of business.
B
Consumers will boycott the product.
C
The govt begins to regulate its price.
D
Consumers will substitute a competitor's product.
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