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When prices rise in the long-run, what happens to cost of production? Group of answer choices Cost of production actually falls, so real profits increase
When prices rise in the long-run, what happens to cost of production? Group of answer choices Cost of production actually falls, so real profits increase greatly. It rises, but not as much as the sales price, so real profits increase. It rises as much as the sales price rises, so real profits do not increase. Cost of production does not rise at all, so real profits increase
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