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Canada (508,936)
Economics (1,614)
ECON 1B03 (520)
Lecture

Chapter 14 - Perfect Competition II.docx

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Department
Economics
Course
ECON 1B03
Professor
Hannah Holmes
Semester
Winter

Description
When Firms Enter an Industry: How We Get to LR Equilibrium February 28 , 2011 LR Market Supply If all firms have identical costs and costs do not change if firms enter or exit the industry, we have Constant Cost industry. - Long run market supply curve will be a horizontal li
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