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Exhibit 7-10 Long-Run Perfectly Competitive Industry

Question 88

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Exhibit 7-10 Long-run perfectly competitive industry
Exhibit 7-10 Long-run perfectly competitive industry -Refer to Exhibit 7-10 and assume that a perfectly competitive industry is in long-run equilibrium at point A) A to B then back to A. B) A to D then back to A. C) A to D then to C. D) A to B then to C.
-Refer to Exhibit 7-10 and assume that a perfectly competitive industry is in long-run equilibrium at point


A) A to B then back to A.
B) A to D then back to A.
C) A to D then to C.
D) A to B then to C.

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