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2: Competition among sellers tends to: O (A) prevent efficiency. O (B) decrease prices to their lowest opportunity.cost of production. O (C) increase prices to their highest opportunity cost of production. O (D) decrease prices to their lowest sațisfaction obtained from the good. O (E) increase prices to their higheșt satisfaction obtained from the good.

2: Competition among sellers tends to: O (A) prevent efficiency. O (B) decrease prices to their lowest opportunity.cost of production. O (C) increase prices to their highest opportunity cost of production. O (D) decrease prices to their lowest sațisfaction obtained from the good. O (E) increase prices to their higheșt satisfaction obtained from the good.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2: Competition among sellers tends to: O (A) prevent efficiency. O (B) decrease prices to their lowest opportunity.cost of production. O (C) increase prices to their highest opportunity cost of production. O (D) decrease prices to their lowest sațisfaction obtained from the good. O (E) increase prices to their higheşt satisfaction obtained from the good. ..
Transcribed Image Text:2: Competition among sellers tends to: O (A) prevent efficiency. O (B) decrease prices to their lowest opportunity.cost of production. O (C) increase prices to their highest opportunity cost of production. O (D) decrease prices to their lowest sațisfaction obtained from the good. O (E) increase prices to their higheşt satisfaction obtained from the good. ..
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