Question
Answer true or false: In perfect competition, each company generates a fraction of total production so small that increasing or decreasing its production will have
Answer true or false:
In perfect competition, each company generates a fraction of total production so small that increasing or decreasing its production will have a perceptible influence on the total supply and the price of the product.
True or false?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
