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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

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Bunny Greenfelder
Bunny GreenfelderLv2
28 Jul 2019
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