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Home Q & A Board Other Fields Homework Help Business Economics
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yufeige4 yufeige4
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5 years ago

Question 1.

A firm that experiences only constant returns to scale will have a U-shaped long-run average cost curve.



▸ true

▸ false

Question 2.

As long as economic losses are being incurred in an industry, firms will ________ the industry and the supply curve will shift to the ________.



▸ enter; right

▸ enter; left

▸ exit; left

▸ exit; right
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Kutthroat K.Kutthroat K.
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5 years ago
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yufeige4 Author
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5 years ago
Thank you, thank you, thank you!
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Thanks for your help!!
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