3. Suppose that as the output of mobile phones increases, the cost of touch screens and other...

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3. Suppose that as the output of mobile phones increases, the cost of touch screens and other component parts decreases.

If the mobile phone industry features perfect competition, we would expect the long-run supply curve for mobile phones to be [LO10.374]

a. Upsloping

b. Downsloping

c. Horizontal

d. U-shaped

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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