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Author Question: Input prices fall as entry occurs in an increasing-cost industry. (Read 35 times)

biggirl4568

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Question 1

For a perfectly competitive industry, diminishing marginal returns


◦ occur only in the short run.
◦ occur only in the long run.
◦ occur in both the short run and in the long run.
◦ Diminishing marginal returns do not occur in perfectly competitive industries.

Question 2

Input prices fall as entry occurs in an increasing-cost industry.


◦ true
◦ false


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Marked as best answer by biggirl4568 on Apr 19, 2019

aruss1303

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biggirl4568

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Reply 2 on: Apr 19, 2019
Excellent


blakcmamba

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

 

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