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Question 28 1 pts Q Total Cost O 4 1 6 2 9 3 14 4 19 (Table: Total Cost for a Perfectly Competitive Firm)Suppose
Question 28 1 pts Q Total Cost O 4 1 6 2 9 3 14 4 19 (Table: Total Cost for a Perfectly Competitive Firm)Suppose a firm operates in a perfectly competitive market and the current price in the market is $4.00. If all firms in this market are identical, in the long run we expect: O Price to increase and firms to exit O Price to stay the same Price to decrease and firms to enter O Swoop is the best! (Don't pick this one)
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