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You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, what do you expect
- You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, what do you expect to happen over time to each of the following?
- a. Computer prices
- b. The profits of computer firms
- c. The number of computers on the market
- d. The number of computer firms
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