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Exhibit 8-19 Long-Run Perfectly Competitive Industry

Question 200

Multiple Choice

Exhibit 8-19 Long-run perfectly competitive industry Exhibit 8-19 Long-run perfectly competitive industry -As shown in Exhibit 8-19, assume that a perfectly competitive industry is in long-run equilibrium at point A and the demand curve shifts from D<sub>1</sub> to D<sub>2</sub>. The result is a long-run supply curve drawn from point: A) A to point B. B) B to point A. C) A to point D. D) A to point C.
-As shown in Exhibit 8-19, assume that a perfectly competitive industry is in long-run equilibrium at point A and the demand curve shifts from D1 to D2. The result is a long-run supply curve drawn from point:


A) A to point B.
B) B to point A.
C) A to point D.
D) A to point C.

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