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Economics

Distinguish between 'short-run' and 'long-run' Phillip curves.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 29RQ: Why will firms in most markets be located at or close to the bottom of the long-run avenge cost me?

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