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Supply curve under perfect competition?
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Supply curve under perfect competition?
There is no derivable long-run supply curve because it depends on the returns to scale exhibited in the industry. If there are increasing returns then the long-run supply curve is downward sloping,  if there are decreasing returns then the curve is upward sloping. and if there are constant returns then the curve is flat.Most of the time, the curve is assumed to be upward sloping. But this condition is assumed only to make equilibria stable.
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Supply curve under perfect competition?
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Supply curve under perfect competition? for Economics 2024 is part of Economics preparation. The Question and answers have been prepared according to the Economics exam syllabus. Information about Supply curve under perfect competition? covers all topics & solutions for Economics 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Supply curve under perfect competition?.
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