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    Price Theory and Applications
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    Exam 15: The Demand for Factors of Production
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    In the Long Run,a Competitive Firm That Experiences Decreasing Returns
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In the Long Run,a Competitive Firm That Experiences Decreasing Returns

Question 69

Question 69

True/False

In the long run,a competitive firm that experiences decreasing returns must earn negative profits after all factor shares are paid out.

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