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Eco 365 Week 2

Posted by Christine Batoktoy
2
Aug 11, 2015
36 Views
ECO 365 Week 2 Knowledge Check 1. A perfectly competitive firm will be profitable if price at the Profit maximizing quantity is above A. MC B. ACV C. ATC D. AFC The Correct Answer is C. 2. in a perfectly competitive market, A. individual producers determine market prices B. market supply and market demand determine the price C. the entrepreneur determines the price
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