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Which of the following examples shows a perfectly competitive market? a. When a legal firm raises its fees above market price, its clientele is reduced

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Which of the following examples shows a perfectly competitive market? a. When a legal firm raises its fees above market price, its clientele is reduced by 10 percent. b. When a retailer raises its merchandise price above market price, other retailers follow suit. c. When a manufacturer raises its product price above market price, sales remain the same. d. When a farm raises its produce price slightly above market price, buyers go to other suppliers

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