(Figure: Long Run Output I) Initially, the Constant-Cost Industry Was

question 38

Multiple Choice

(Figure: Long Run Output I) Initially, the constant-cost industry was in long-run equilibrium at point A when the demand for the good increased to D₂. How much output will be produced in the long run as a result of the demand increase?

• A) 3,000
• B) 5,000
• C) 6,000
• D) 7,000

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