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Figure 10-6 ​ in Figure 10-6, If the Current Market Price Is at Market

Question 186

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Figure 10-6 ​
Figure 10-6 ​ In Figure 10-6, if the current market price is at $10, then in the long-run equilibrium A) each firm will be producing a smaller output. B) the market price will rise to $20. C) the number of firms in the market will increase. D) All of these responses are correct.
In Figure 10-6, if the current market price is at $10, then in the long-run equilibrium


A) each firm will be producing a smaller output.
B) the market price will rise to $20.
C) the number of firms in the market will increase.
D) All of these responses are correct.

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