Business
Business, 28.12.2019 03:31, MGA20078

Long-run adjustments in purely competitive markets primarily take the form of

1. variations in the cost curves of different firms in the market.
2. entry or exit of firms in the market.
3. evolution of the market from a constant-cost to an increasing-cost industry.
4. product differentiation.

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Long-run adjustments in purely competitive markets primarily take the form of

1. variat...

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