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In perfectly competitive industries, firms can easily enter and exit the industry in the long run.

Nica

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In perfectly competitive industries, firms can easily enter and exit the industry in the long run.

Question 1.

The upward-sloping portion of the perfectly competitive firm's average total cost curve is the firm's short-run supply curve.

▸ true

▸ false

Question 2.

In perfectly competitive industries, firms can easily enter and exit the industry in the long run.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 73 times

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emnevius

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More solutions for this book are available here

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Nica Author

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5 years ago

Thanks for your help!

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