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    Exam 12: Firms in Perfectly Competitive Markets
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    Figure 12-11 -Refer to Figure 12-11.If This Is a Constant-Cost Industry, What
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Figure 12-11 -Refer to Figure 12-11.If This Is a Constant-Cost Industry, What

Question 237

Question 237

Multiple Choice

Figure 12-11
Figure 12-11    -Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium? A) $5 B) $14 C) $15 D) $20
-Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium?


A) $5
B) $14
C) $15
D) $20

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