Assume that the market for house cleaning is perfectly competitive. If a single firm cleans 22 apartments per week, and there are 99 identical firms in the market, how many markets are getting cleaned weekly? O a less than 2178 because demand slopes down. Ob 4356 Oc 2614 O d. 2178 O e. it is impossible to say anything about the market output based on information about single firms.

Assume that the market for house cleaning is perfectly competitive. If a single firm cleans 22 apartments per week, and there are 99 identical firms in the market, how many markets are getting cleaned weekly? O a less than 2178 because demand slopes down. Ob 4356 Oc 2614 O d. 2178 O e. it is impossible to say anything about the market output based on information about single firms.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 8SCQ: A market in perfect competition is in long-run equilibrium. What happens to the market if labor...

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