If a firm in a perfectly competitive market model experiences a technological breakthrough: a- other firms

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If a firm in a perfectly competitive market model experiences a technological breakthrough:

a- other firms would find out about it eventually.

b-other firms would find out about it immediately.

c- other firms would not find out about it.

d-some firms would find out about it but others would not.

Related Book For answer-question

Organizational Behavior

ISBN: 9781593998776

1st Edition

Authors: OpenStax

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Posted Date: Jan 13, 2024 10:52 PM

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If a firm in a perfectly competitive market model experiences a technological breakthrough: a- other firms

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The detailed answer for the above question is provided below Introduction In a perfectly competitive market model firms are price takers meaning they ... View the full answer

Organizational Behavior

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