Question
The long run impact of a technological breakthrough that reduces the cost of fertilizer in a perfectly competitive agricultural market would be a) an increase
The long run impact of a technological breakthrough that reduces the cost of fertilizer in a perfectly competitive agricultural market would be
a) an increase market price.
b) an increase in long run profits.
c) a decreasein long run profits.
d) an increase the number of producers of agricultural products.
e) a decrease in agricultural output.
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
