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Author Question: The long-run supply curve for a firm in a perfectly competitive industry is: A) negatively ... (Read 125 times)

karateprodigy

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on: Jun 29, 2018
The long-run supply curve for a firm in a perfectly competitive industry is:
 
  A) negatively sloped.
  B) positively sloped.
  C) vertical.
  D) horizontal.

Question 2

Economics assumes people
 
  A) tend to compete more in markets than they do in government.
  B) tend to cooperate more in markets than they do in government.
  C) try to advance their own projects in market and government processes.
  D) try to pursue the public interest but find over time that only private interests matter.


momolu

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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