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8. Refer to Exhibit 23-9. Assume that demand increases from D, to D; in the new long run equilibrium , price settles at a level

8. Refer to Exhibit 23-9. Assume that demand increases from D, to D; in the new long run equilibrium , price settles at a level between P, and P, This means that the industry in question is a(n) -cost industry. b. increasing

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