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If a purely competitive firm is producing at the MR = MC output level and earning an economic profit, then Question 17 options: A) some
If a purely competitive firm is producing at the MR = MC output level and earning an economic profit, then Question 17 options: A) some existing firms in this market will leave. B) new firms will enter this market. C) the selling price for this firm is above the market equilibrium price. D) there must be price fixing by the industry's firms
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
