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What would happen in an industry if the firms are bound by an agreement to purchase raw materials from the suppliers for a very long
What would happen in an industry if the firms are bound by an agreement to purchase raw materials from the suppliers for a very long period of time? Select a Choice Below current question choices OptionA It becomes difficult for the firms to exit the market. OptionB Entry into this market becomes highly profitable. OptionC The firms earn economic profits in the long run. OptionD The industry shuts down in the short run
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