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Derrick Nwagwu
on Nov 16, 2024

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When an individual firm in a competitive market increases its production, it is likely that the market price will fall.

Market Price

The current price at which an asset or service can be bought or sold in a particular market, determined by the supply and demand for it.

  • Identify the effects of market prices on firms' production decisions in competitive markets.
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Valerie ReyesNov 21, 2024
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