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Assuming the personal computer industry is perfectly competitive, the fact that the price of personal computers over the last decade has fallen would signify that:
Assuming the personal computer industry is perfectly competitive, the fact that the price of personal computers over the last decade has fallen would signify that:
Group of answer choices
the industry is a constant-cost industry.
the industry is a decreasing-cost industry.
the industry is an increasing-cost industry.
the industry is a fixed-cost industry.
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