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MMLU / The ability for firms to enter and exit a market over time means that

Problem

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question

The ability for firms to enter and exit a market over time means that

choices

  1. the marginal cost is zero
  2. the marginal revenue is zero
  3. the long run supply curve is more elastic
  4. the long run supply curve is more inelastic

subject

high_school_microeconomics

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Source and history

Official source

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