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Author Question: Compared to the short run, the long-run market supply curve is a. less elastic b. equally elastic ... (Read 66 times)

dmcintosh

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  • Posts: 517
on: Jun 30, 2018
Compared to the short run, the long-run market supply curve is
 a. less elastic
  b. equally elastic
  c. more elastic
  d. always negatively sloped
  e. None of the answers is correct.

Question 2

A monopolistically competitive firm produces where demand is inelastic.
 a. True
  b. False


macmac

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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