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29 May, 16:14

The long-run supply curve under pure competition is derived by observing what happens to market price and quantity when market:

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  1. 29 May, 16:37
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    The long-run supply curve under pure competition is derived by observing what happens to market price and quantity when market: Downsloping in a decreasing-cost industry and up sloping in an increasing-cost industry

    downsloping happens when the amount of supply keep decreasing because of the factors in the environment and upsloping happens when the amount of supply keep increasing under similar circumstances
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