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Card 6

Front

PC- how is market price decided?

Back

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Card 7

Front

MC- why is there some scope for influencing price?

Back

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Card 8

Front

if there are abnormal profits in the market and no barriers to entry what will happen?

Back

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Card 9

Front

perfect competition

Back

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Card 10

Front

assumptions of PC

Back

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Card 11

Front

price taker

Back

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Card 12

Front

PC- what shape is the demand curve?

Back

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Card 13

Front

PC- why not set a higher price?

Back

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Card 14

Front

PC- why not set a lower price?

Back

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Card 15

Front

PC- how does it decide how much to produce?`

Back

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