What happens in the market to drive up price, Microeconomics

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What happens in the market to drive up price

Problem

1. If the perfect competitor is losing money in the short run, what happens in the market to drive up price?

2. Two characteristics of perfect competition are perfect mobility and perfect knowledge. Make up an example of each.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What happens in the market to drive up price

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