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sinerus sinerus
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If the demand for a product in an increasing cost perfectly competitive industry increases, we would expect that price in the long-run would ________ and the number of firms in the market would ________.
A) increase; decrease
B) decrease; increase
C) decrease; decrease
D) increase; increase
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Lightman030Lightman030
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