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Author Question: Firms are making profits in an increasing-cost industry. Which of the following statements describes ... (Read 94 times)

dakota nelson

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on: Apr 19, 2019

Firms are making profits in an increasing-cost industry. Which of the following statements describes what will happen in the long run?


◦ More firms will enter this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve facing firms to shift down.
◦ More firms will enter this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve facing firms to shift up.
◦ Firms will exit this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve to shift down.
◦ Firms will exit this industry, causing the industry supply schedule to shift to the left and the LRAC curve to shift down.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by dakota nelson on Apr 19, 2019

Alyson.hiatt@yahoo.com

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dakota nelson

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Reply #2 on: Apr 19, 2019
Thanks


Alyson.hiatt@yahoo.com

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Reply #3 on: Apr 19, 2019
Welcome :)


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