If Input Prices for a Perfectly Competitive Firm Increase as the Output

question 79

Multiple Choice

If input prices for a perfectly competitive firm increase as the output of the industry expand in the long run, the long-run industry supply curve will:

• A) have a positive slope.
• B) have a negative slope.
• C) be perfectly horizontal.
• D) be perfectly vertical.

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The point exactly halfway between two endpoints on a line segment.

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Part of a line bounded by two distinct end points.