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If Expansion of an Industry's Output Causes a Downward Shift

Question 133

Multiple Choice

If expansion of an industry's output causes a downward shift of firms' average total cost curves,


A) each firm earns a long-run economic profit
B) all of the following are correct
C) there will be long-run economic profits
D) it is a decreasing-cost industry
E) it is an increasing-cost industry

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