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A firm in a perfectly competitive market _____ a.can decrease its supply to increase the market price. b.can raise the price of its product and
A firm in a perfectly competitive market _____
a.can decrease its supply to increase the market price.
b.can raise the price of its product and sell more output.
c.can increase its supply to lower the market price.
d.has to lower the price of its product to sell more output.
e.has to accept the market price for its product.
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