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-In Figure 9-13,assume the Initial Equilibrium at Point a Is

Question 199

Multiple Choice

  -In Figure 9-13,assume the initial equilibrium at point A is disturbed by an increase in demand.If long-run equilibrium is established at point C,this is a(n)  A) constant cost industry B) increasing-cost industry C) decreasing-cost industry
-In Figure 9-13,assume the initial equilibrium at point A is disturbed by an increase in demand.If long-run equilibrium is established at point C,this is a(n)


A) constant cost industry
B) increasing-cost industry
C) decreasing-cost industry

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