Use the figure below to answer the following questions.
Figure 12.4.3
-Refer to Figure 12.4.3, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,
A) firms that remain in the market will expand production.
B) market demand will increase.
C) firms will adopt labour-saving technology.
D) industry output will remain constant.
E) firms will enter the market.
Correct Answer:
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