If a Market Changes from Oligopoly to Perfect Competition,then as a Result

question 87

Multiple Choice

If a market changes from oligopoly to perfect competition,then as a result

• A)Output should increase in the long run.
• B)Fewer resources will be allocated to the market.
• C)Profitability should rise in the long run.
• D)Prices should rise in the long run.

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Definitions:

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