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liljay liljay
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5 years ago
Which of the following statements about a perfectly competitive market are TRUE?
I.The perfectly competitive industry faces an upward sloping labor supply curve.
II.The individual firm in a perfectly competitive industry faces a perfectly elastic labor supply
curve.

• I only

• II only

• both I and II

• neither I nor II
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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sliceofoctopisliceofoctopi
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5 years ago
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liljay Author
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#2
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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