The Reason Why the Long-Run Supply Curve for a Purely

question 5

True/False

The reason why the long-run supply curve for a purely competitive industry may be upward-sloping is because of diminishing marginal returns.

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Lacking clarity or distinctness; not clearly expressed or easily understood.

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Research that provides significant insights or data that can substantially contribute to the understanding of a field, often influencing changes or developments in that area.

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