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Business, 12.11.2019 05:31 momzsons4834

Which of the following statements is (are) true? i. as market prices increase, industry output rises because individual firms have upward-sloping marginal cost curves. ii. as market prices increase, industry output rises because high-cost producers enter the industry. iii. as market prices increase, industry output rises because individual firms have upward-sloping short-run supply curves.

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Which of the following statements is (are) true? i. as market prices increase, industry output rise...
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