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Author Question: Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good ... (Read 101 times)

APUS57

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on: May 24, 2019
Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good and earns an economic profit when the price of the good is $10. In the long run, definitely
◦ each firm increases its production above 1,000 units.
◦ the number of firms is more than 10,000.
◦ consumer surplus decreases.
◦ producer surplus increases.
◦ the number of firms is less than 10,000.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by APUS57 on May 24, 2019

parshano

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Reply #1 on: May 24, 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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APUS57

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Reply #2 on: May 24, 2019
TY


parshano

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Reply #3 on: May 24, 2019
You're welcome


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