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-Refer to the Above Figure for the Individual Firm in a Perfectly

Question 282

Multiple Choice

-Refer to the above figure for the individual firm in a perfectly competitive market. If the firm's average costs are given by AC1, then A) the industry supply curve will shift leftward. B) the industry supply curve will shift rightward. C) the industry demand curve will shift rightward. D) none of the above.
-Refer to the above figure for the individual firm in a perfectly competitive market. If the firm's average costs are given by AC1, then


A) the industry supply curve will shift leftward.
B) the industry supply curve will shift rightward.
C) the industry demand curve will shift rightward.
D) none of the above.

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