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16-06-2024
Business

Answered

What happens to the market price in the long run if the long-run average cost (LRAC) is flat and there is an increase in demand?
A. The price will return to the original level
B. The price will remain higher
C. The price will decrease below the original level
D. The price will fluctuate unpredictably
E. The price will stabilize at a new higher level

Answer :

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