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Figure 12-11 -Refer to Figure 12-11.If This Is a Constant-Cost Industry, What

Question 202

Multiple Choice
Figure 12-11
 
-Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium?
A)$5 
B)$14 
C)$15 
D)$20

Figure 12-11
Figure 12-11    -Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium? A) $5 B) $14 C) $15 D) $20
-Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium?


A) $5
B) $14
C) $15
D) $20

Correct Answer:

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