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Retnec Retnec
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6 years ago
If a purely competitive industry is in long-run equilibrium, an increase in demand will cause the firms in the industry to reduce their output.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Retnec Author
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#2
6 years ago
You have the correct answer! Smiling Face with Halo
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