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Mathematics, 09.03.2020 17:14 k211

Suppose the long-run supply curve for a good is upward-sloping. The upward slope could be explained byA. a breakdown of the "free entry and exit" feature of competition. B. the fact that a resource used in the production of the good is available only in limited quantities. C. a breakdown of the "price taking" feature of competition. D. decreases in production costs resulting from more firms coming into the market.

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Suppose the long-run supply curve for a good is upward-sloping. The upward slope could be explained...
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