Refer to Figure 8.2. As the competitive industry, not just the firm in question, moves toward long-run equilibrium, what will the price be?
A) $60
B) $64
C) $70
D) $71
E) $80
A
Economics
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A) perfectly inelastic. B) perfectly elastic. C) elastic. D) inelastic.
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A) in the working-age population. B) employed. C) unemployed. D) employed plus unemployed.
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