Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1988
Question no.
#0
Type
Objective

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