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Regardless of the Cost Structure of Firms in a Competitive

Question 33

Multiple Choice

Regardless of the cost structure of firms in a competitive market,what can we expect to happen in the long run


A) Firms will experience rising demand for their products.
B) The marginal firm will earn zero economic profit.
C) Firms will experience a less competitive market environment.
D) Exit and entry is likely to lead to a horizontal long-run supply curve.

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