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In the Long Run, the Price in This Market Will

Question 32

Multiple Choice

In the long run, the price in this market will be In the long run, the price in this market will be A) P<sub>1</sub>. B) higher than P<sub>1</sub>. C) lower than P<sub>1</sub>. D) We need more information in order to answer


A) P1.
B) higher than P1.
C) lower than P1.
D) We need more information in order to answer

Correct Answer:

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