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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 32 times)

jon_i

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on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jon_i on Apr 19, 2019

Missbam101

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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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jon_i

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Kedrick2014

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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