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Quantity (number of units) 100 150 200 250 300 Total Cost 5 100 160 225 300 390 Suppose the table above represents the long-run cost

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Quantity (number of units) 100 150 200 250 300 Total Cost 5 100 160 225 300 390 Suppose the table above represents the long-run cost structure for a firm in a perfectly competitive industry. Based on this information we can conclude that this file operates in Multiple Choice an industry incapable of reaching long-run equilibrium an increasing cost industry a decreasing cost industry a constant-cost industry

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