question archive New firms will enter an industry if there is an increase in the price of a substitute good assuming an initial long run competitive equilibrium with no sunk costs of production
New firms will enter an industry if there is an increase in the price of a substitute good assuming an initial long run competitive equilibrium with no sunk costs of production
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New firms will enter an industry if there is an increase in the price of a substitute good assuming an initial long run competitive equilibrium with no sunk costs of production. T/F. Explain.
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