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jugganuts jugganuts
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10 months ago

A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand increases. By the time all adjustments have been made, price will be __________ its original level if the industry is a(n) __________ cost industry.



▸

below; constant



▸

above; increasing



▸

at; decreasing



▸

at; increasing



▸

above; decreasing

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Economics

Economics


Edition: 12th
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mooltipasmooltipas
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