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27 Nov 2019
Which statement is correct? The long-run supply curve for a purely competitive: Answer Decreasing-cost industry will be upward-sloping Increasing-cost industry will be perfectly elastic Increasing-cost industry will be upward-sloping Increasing-cost industry will be less elastic than the short-run supply curve
Which statement is correct? The long-run supply curve for a purely competitive:
Answer Decreasing-cost industry will be upward-sloping | ||
Increasing-cost industry will be perfectly elastic | ||
Increasing-cost industry will be upward-sloping | ||
Increasing-cost industry will be less elastic than the short-run supply curve |
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