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Author Question: Refer to the information provided in Figure 12.3 below to answer the question(s) that follow. Refer ... (Read 35 times)

jon_i

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Refer to the information provided in Figure 12.3 below to answer the question(s) that follow. 






 

Refer to Figure 12.3. The DVD industry is a constant-cost industry. As the demand for DVD players shifts from 
D' to 
D, which of the following will 
not occur?


◦ Fewer resources will be allocated to produce DVD players.
◦ The demand for DVDs will decrease.
◦ If the market for DVD players is competitive the price will decrease to $4.00 in the short and long run.
◦ If the market for DVD players is perfectly competitive, economic profits in this industry will decrease in the short run, but will fall back to zero in the long run.


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Marked as best answer by jon_i on Apr 19, 2019

Missbam101

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jon_i

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Reply 2 on: Apr 19, 2019
Gracias!


cassie_ragen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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