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    Exam 12: Firms in Perfectly Competitive Markets
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    An Industry's Long-Run Supply Curve Shows
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An Industry's Long-Run Supply Curve Shows

Question 158

Question 158

Multiple Choice

An industry's long-run supply curve shows


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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