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Question
If firms in a competitive market are incurring economic losses, the long-run market supply curve
a. is above the point where the short-run market supply curve and the demand curve intersect.
b. is below the point where the short-run market supply curve and the demand curve intersect.
c. and the short-run market supply curve and the demand curve all intersect at the same point.
d. shifts upward.
e. shifts downward.
Answer
This answer is hidden. It contains 70 characters.
Related questions
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