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Exhibit 11-1 -Refer to Exhibit 11-1. in the Long Run

Question 62

Multiple Choice

Exhibit 11-1 Exhibit 11-1 -Refer to Exhibit 11-1. In the long run, A) firms will enter the market. B) the firm's demand curve will get steeper. C) economic profits will increase. D) firm output will increase. E) nothing will change, given that the firm is in long-run equilibrium.
-Refer to Exhibit 11-1. In the long run,


A) firms will enter the market.
B) the firm's demand curve will get steeper.
C) economic profits will increase.
D) firm output will increase.
E) nothing will change, given that the firm is in long-run equilibrium.

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