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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
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    Entry of New Firms in an Increasing-Cost Industry Leads to an Upward
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Entry of New Firms in an Increasing-Cost Industry Leads to an Upward

Question 353

Question 353

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Entry of new firms in an increasing-cost industry leads to an upward shift of the LRAC curve.

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