If the firms in a price-taker market are making short-run profits, what will happen to the market
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If the firms in a price-taker market are making short-run profits, what will happen to the market price in the long run? Explain.
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In a pricetaker market firms are characterized by their inability to influence the market price of the goods or services they produce This means they ...View the full answer
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Sumit kumar
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Related Book For
Economics Private And Public Choice
ISBN: 9780357133996
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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