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As the price of a good rises: Multiple Choice firms generally decrease the supply of the good. more firms can cover their opportunity cost of
As the price of a good rises:
Multiple Choice
- firms generally decrease the supply of the good.
- more firms can cover their opportunity cost of producing the good.
- firms generally increase the supply of the good.
- government regulation becomes more justified.
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
