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Each firm in a perfectly competitive industry follows the ___________, but the price is determined by______________ A) profit motive; sellers and buyers B) output of
Each firm in a perfectly competitive industry follows the ___________, but the price is determined by______________ A) profit motive; sellers and buyers B) output of other firms, market C) pricing decisions of other firms; the entrepreneur determines the price. D) reactions of competitors; the firm determines the price
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