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    Microeconomics Study Set 44
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    Exam 12: Perfect Competition and the Supply Curve
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    If the Long-Run Market Supply Curve for a Perfectly Competitive
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If the Long-Run Market Supply Curve for a Perfectly Competitive

Question 203

Question 203

Multiple Choice

If the long-run market supply curve for a perfectly competitive market is horizontal, then this industry exhibits _____ costs.


A) constant
B) decreasing
C) increasing
D) absence of marginal

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