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Consider a Perfectly Competitive Market with Long-Run External Diseconomies

Question 55

Multiple Choice

Consider a perfectly competitive market with long-run external diseconomies.When demand increases permanently,the equilibrium price


A) remains constant and the equilibrium quantity increases.
B) remains constant and the equilibrium quantity decreases.
C) rises and the equilibrium quantity increases.
D) falls and the equilibrium quantity decreases.
E) rises and the equilibrium quantity remains the same.

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