The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward

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The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward sloping. Explain why this occurs.

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Microeconomics

ISBN: 9780357720639

14th Edition

Authors: Roger A. Arnold, Daniel R Arnold, David H Arnold

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Question Posted: Nov 01, 2024 07:00 AM

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The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward sloping. Explain why this occurs.
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The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward

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Microeconomics

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