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    Microeconomics Study Set 13
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    Exam 11: Pure Competition in the Long Run
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    An Industry Where a Change in the Number of Firms
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An Industry Where a Change in the Number of Firms

Question 26

Question 26

Multiple Choice

An industry where a change in the number of firms does not affect the prices of the resources used in the industry will have a long-run supply curve that is


A) vertical.
B) horizontal.
C) upsloping.
D) downsloping.

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