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    Microeconomics Study Set 45
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    Exam 11: Pure Competition in the Long Run
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    When Some Firms Leave a Purely Competitive Industry, the Market
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When Some Firms Leave a Purely Competitive Industry, the Market

Question 50

Question 50

True/False

When some firms leave a purely competitive industry, the market supply curve will shift in such a way that the remaining firms' profits will increase.

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