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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.7
Which of the following scenarios is most likely to lead to the exit of firms from a perfectly competitive market?
Emergence of a dominant firm with significant market power
Introduction of government subsidies for the industry
A decrease in production costs for all firms
An increase in consumer demand for the product
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AP Microeconomics - 3.7 Perfect Competition
Key terms
Perfectly Competitive Market
Exit of Firms
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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