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Title: Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good Post by: Loraine on Jun 21, 2015 Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good and earns an economic profit when the price of the good is $10. In the long run, definitely
A) each firm increases its production above 1,000 units. B) the number of firms is more than 10,000. C) consumer surplus decreases. D) producer surplus increases. E) the number of firms is less than 10,000. Title: Re: Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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