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Use the figure below to answer the following questions. Figure 11.4.2 R...

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Use the figure below to answer the following questions.

Figure 11.4.2

Refer to Figure 11.4.2, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,

firms that remain in the market will decrease production.

market supply will decrease.

firms will exit the market.

market demand will increase.

firms that remain in the market will expand production.

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