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jugganuts jugganuts
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A year 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

Textbook 
Economics

Economics


Edition: 12th
Author:
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mooltipasmooltipas
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A year ago
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jugganuts Author
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A year ago
this is exactly what I needed
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Yesterday
Good timing, thanks!
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2 hours ago
This helped my grade so much Perfect
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