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lbcchick

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If, as a perfectly competitive industry expands, it can supply larger quantities at the same long-run market price, it is
 
  A) a constant-cost industry. B) a fixed-cost industry.
  C) an increasing-cost industry. D) a decreasing-cost industry.

Question 2

Consumers who ________ will be more likely to buy goods in outlet malls at a lower price, while consumers who ________ will be more willing to pay full price in regular stores.
 
  A) are more price-sensitive; are less price-sensitive
  B) are less price-sensitive; are more price-sensitive
  C) have high levels of wealth; have low levels of wealth
  D) are more status-conscious; are less status-conscious


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Joc

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lbcchick

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Reply 2 on: Jun 29, 2018
:D TYSM


6ana001

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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