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Perfectly competitive market

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Reference no: EM13903361

A typical firm in a perfectly competitive market made positive economics profit last period. What do you expect will happen this period to

a. the number of firms in the market

b. the market demand curve

c. the market supply curve

d. market price

e. market output

f. the firm's output

g. the firm's profit

Reference no: EM13903361

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