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AP Microeconomics
Unit 3 โ Production, Cost, and the Perfect Competition Model
Topic 3.7
Unit 3 โ Production, Cost, and the Perfect Competition Model
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3.7 Perfect Competition
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mixed difficulty
In perfect competition, which factor(s) might lead to a firm earning short-term economic profits?
High barriers to entry
Unique technological advantage
Temporary decrease in market supply
Product differentiation
Study guides (1)
AP Microeconomics - 3.7 Perfect Competition
Key terms
Perfect Competition
Short-term Economic Profits
Guides
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