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If a single firm in perfect competition charges a lower price than the market price, what is expected to happen? Group of answer choices The
If a single firm in perfect competition charges a lower price than the market price, what is expected to happen? Group of answer choices The market price remains the same and the firm sells out quickly because consumers cannot tell the difference among products The market price goes down because the single firm drove the price down The market price remains the same and the firm sells none because consumers think the product is defective The market price goes up because of the law of inverse firm-to-market returns
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