You read in a business magazine that computer firms are reaping high profits. With the theory of

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You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, what do you expect to happen over time to the following?

a. Computer prices

b. The profits of computer firms

c. The number of computers on the market

d. The number of computer firms

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Microeconomics

ISBN: 9780538452861

10th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 01, 2024 05:00 AM

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You read in a business magazine that computer firms are reaping high profits. With the theory of

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Microeconomics

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