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Which of the following best explains why a purely competitive firm must take the price determined in the market? Group of answer choices A purely
Which of the following best explains why a purely competitive firm must take the price determined in the market? Group of answer choices A purely competitive firm's average total cost curve is constant If a purely competitive firm increased its price, consumers would purchase from other suppliers A purely competitive firm produces under conditions of constant returns to scale There are no good substitutes for the produce of the purely competitive firm The purely competitive firm faces a downward-sloping demand curve
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