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Business, 19.12.2019 01:31 whocares1819
The amount of output that a firm decides to sell has no effect on the market price in a competitive industry because a. the short-run market price is determined solely by the firm's technology. b. the demand curve for the industry's output is downward sloping. c. the firm's output is a small fraction of the entire industry's output. d. the market price is determined (through regulation) by the government. e. the firm supplies a different good than its rivals.
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