Multiple Choice
(Figure: Long Run Output I) Initially, the constant-cost industry was in long-run equilibrium at point A when the demand for the good increased to D2. How much output will be produced in the long run as a result of the demand increase?
A) 3,000
B) 5,000
C) 6,000
D) 7,000
Correct Answer:

Verified
Correct Answer:
Verified
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