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Lecture 23 Notes
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Lecture 23 Notes
9.3 Perfect Competition in the Long Run – Principles of Economics
The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.
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9.3 Perfect Competition in the Long Run – Principles of Economics
9.3 Perfect Competition in the Long Run – Principles of Economics