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If an individual seller tries to increase the price of their product in a perfectly competitive system then: a. other sellers will increase their prices. c. the seller will increase their profit. b. the individual will not be able to sell any of their product. d. none of the above
If an individual seller tries to increase the price of their product in a perfectly competitive system then the individual will not be able to sell any of their product. [ The answer is letter B. ]
Expert answered|tribal18|Points 0|
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Asked 218 days ago|9/18/2013 6:34:23 AM
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