If the equilibrium price in a perfectly competitive market for apples is $1 per pound, then an
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Question:
If the equilibrium price in a perfectly competitive market for apples is $1 per pound, then an individual firm in this market could:
not sell additional apples unless the firm lowers its price.
not sell additional apples at any price because the market is at equilibrium.
sell an additional pound at $1.
sell an additional pound at a price slightly higher than $1.
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