In a Perfectly Competitive Market, Which of the Following Will

question 77

Multiple Choice

In a perfectly competitive market, which of the following will increase the economic profit the firms make in the short run?

• A) An increase in market demand
• B) An increase in labour costs
• C) A decrease in market demand
• D) An increase in the number of firms

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The ability of an entity, such as a person, organization, or country, to influence or control economic activities, markets, and resources.

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