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Suppose a market is perfectly competitive, and then it is taken over by three or four firms. What would we expect, as a result, regarding

Suppose a market is perfectly competitive, and then it is taken over by three or four firms. What would we expect, as a result, regarding market output and the price of the product? An increase in market output and an increase in the price of the product An increase in market output and an decrease in the price of the product O A decrease in market output and a decrease in the price of the product O A decrease in market output and an increase in the price of the product

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