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True or False? No explanation needed. Assuming gasoline production is a perfectly competitiveindustry,adecreasein the cost of producing gasoline will lead to a greater profits for

True or False? No explanation needed. "Assuming gasoline production is a perfectly competitiveindustry,adecreasein the cost of producing gasoline will lead to a greater profits for gasoline producers in the short run than in the long run."

True

False

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