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-Fast Copy Is a Perfectly Competitive Firm

question 37

Multiple Choice

  -Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 2 cents per page. With no change in demand and technology, in the long run, the price will A)  remain unchanged. B)  rise to 5 cents per page. C)  rise to 4 cents per page. D)  fall to 1 cent per page.
-Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 2 cents per page. With no change in demand and technology, in the long run, the price will

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Describes something that has grown or risen in number, size, quantity, or degree.

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