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A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand ...

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A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand ...

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.

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below; constant

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above; increasing

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at; decreasing

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at; increasing

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above; decreasing

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Economics

Edition: 12^th

Author: Arnold

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jugganuts Author

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Thanks for your help!!

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Thank you, thank you, thank you!

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Smart ... Thanks!

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