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Andy entered the perfectly competitive market of water filters. He increased the price of the water filters in order to increase his profit. This provoked
Andy entered the perfectly competitive market of water filters. He increased the price of the water filters in order to increase his profit. This provoked a significant increase in the profit of his competitors because they also increased their prices. Could be this possible in this type of market? Yes No
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
