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    Exam 8: Firms in Perfectly Competitive Markets
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    What Does an Industry's Long-Run Supply Curve Show
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What Does an Industry's Long-Run Supply Curve Show

Question 11

Question 11

Multiple Choice

What does an industry's long-run supply curve show?


A) The relationship in the long run between market price and quantity supplied.
B) How the government determines the price of the product.
C) How average productivity is changing.
D) Greater than normal profit.

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