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May 27, 2015

Homework Help: Economics

Posted by Bob on Tuesday, November 29, 2011 at 12:11pm.

A long-run supply curve is flatter than a short-run supply curve because

A. firms can enter and exit a market more easily in the long run than in the short run.

B. long-run supply curves are sometimes downward sloping.

C. competitive firms have more control over demand in the long run.

D. firms in a competitive market face identical cost structures.

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