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One Reason Why the Long-Run Supply Curve May Slope Upward

question 124

Multiple Choice

One reason why the long-run supply curve may slope upward in a competitive market is that

Analyze the impact of consumer preference changes on market equilibrium and firm's efficiency.
Recognize the effects of technological advances on industry supply and equilibrium.
Describe the process and outcomes of general and partial equilibrium analysis.
Evaluate the impact of changes in consumer preferences on market dynamics and resource allocation.

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