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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:

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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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