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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Is the firm in question 3 a perfectly competitive firm? Explain your answer.

To determine

Identify if the firm is a perfect competitive firm.

Explanation

The firm is under a perfectly competitive market because the price charged by the firm for per unit good sold is the same ($100)...

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