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Micro - PC 1 Flashcards | StudBud
Micro - PC 1
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If a firm in a perfect competition sets a price lower than the market price, what happens?
A
The firm will quickly sell out & market price doesn't change
B
The firm will quickly sell out & decrease the market price
C
The firm will sell more & market price doesn't change
D
The firm will sell more & decrease the market price
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