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A perfectly competitive price-taking firm always has a positive profit. can sell as much of its product as it wants to supply. chooses its price
A perfectly competitive price-taking firm always has a positive profit. can sell as much of its product as it wants to supply. chooses its price at any given quantity of output from the average cost of producing that quantity. faces a downward sloping demand curve
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
