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If Some Firm in an Industry Has the Production Function

Question 41

True/False

If some firm in an industry has the production function F(x, y) = If some firm in an industry has the production function F(x, y) = , where x and y are the only two inputs in producing the good, then that industry cannot be competitive in the long run. , where x and y are the only two inputs in producing the good, then that industry cannot be competitive in the long run.

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