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Catfish Farming Is a Perfectly Competitive Industry

Question 206

Multiple Choice

Catfish farming is a perfectly competitive industry.Catfish farmers suffered tremendous economic losses in the late 2000s.As a result,


A) some new catfish farmers entered the market.
B) some catfish farmers exited the market.
C) no catfish farmers entered or exited this market.
D) the supply of catfish increased in 2010.
E) new demanders entered the market after some firms had exited.

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