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-Refer to Figure 9.8.In the Long Run

Question 139

Multiple Choice

  -Refer to Figure 9.8.In the long run, A)  existing firms in this industry will contract output. B)  firms will leave this industry. C)  existing firms will expand and new firms will enter this industry. D)  the industry supply curve will shift to the left.
-Refer to Figure 9.8.In the long run,


A) existing firms in this industry will contract output.
B) firms will leave this industry.
C) existing firms will expand and new firms will enter this industry.
D) the industry supply curve will shift to the left.

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