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notka56 [123]
2 years ago
5

Suppose the value of the Mexican peso depreciates relative to the US dollar. How would this benefit people in the United States

or Mexico
Business
1 answer:
Agata [3.3K]2 years ago
8 0
United States because it would help them
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A firm in a perfectly competitive market: d. must take the price that is determined in the market.

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A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

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