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    Microeconomics Theory with Applications
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    Exam 8: The Theory of Perfect Competition
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    When Referring to Supply, the Intensive Margin Refers to
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When Referring to Supply, the Intensive Margin Refers to

Question 38

Question 38

Multiple Choice

When referring to supply, the intensive margin refers to


A) the marginal cost of production
B) how much each firm produces
C) how intensively they use labor and production
D) how many firms are in the market

Correct Answer:

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