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Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 1
When discussing pure competition, the term run refers to a period of time enough to al
A) Firms already in an industry to either expand or contract their capacities.
B) New firms to enter or existing firms to leave.
C) Both a and b. d. None of the above.
A) Firms already in an industry to either expand or contract their capacities.
B) New firms to enter or existing firms to leave.
C) Both a and b. d. None of the above.
Explanation
Verified
Verified
In run, firms have enough time to expand...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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