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    Principles of Economics Study Set 10
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    Exam 9: Long-Run Costs and Output Decisions
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    Entry of New Firms in an Decreasing-Cost Industry Leads to an Upward
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Entry of New Firms in an Decreasing-Cost Industry Leads to an Upward

Question 184

Question 184

True/False

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

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