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A firm in a perfectly competitive market
a. can raise the price of its product and sell more output
b. can lower the price of its product and sell more output
c. can increase its supply to lower the price
d. can decrease its supply to raise the price
e. accepts the market price for its product
assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.
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Each point along the market demand curve shows
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