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A profit-maximizing perfect competitor is in short-run equilibrium with an output of 100 per day. Which of the following events would not cause it to
A profit-maximizing perfect competitor is in short-run equilibrium with an output of 100 per day. Which of the following events wouldnotcause it to alter its output in the short-run?
a)A change in the demand for the product it makes.b)A change in the number of other firms in its industry.
c)A change in the price of a fixed input.
d)A change in the price of a variable input.
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