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Refer to Figure 12.4.2, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,
Refer to Figure 12.4.2, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,
A) firms that remain in the market will expand production. B) firms will exit the market.
C) market supply will decrease.
D) market demand will increase.
E) firms that remain in the market will decrease production.
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