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If prices fall in a perfectly competitive industry, the firms in that industry in the ...

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** Free 2024 Post UTME CBT Practice**

The personnel in charge of a particular number of tables is the ____________

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If prices fall in a perfectly competitive industry, the firms in that industry in the short run will?

A. not decrease in number
B. keep output at the same level but make losses
C. reduce production
D. intensity the advertisement of their products




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