Answered: 8. In a perfectly competitive industry,…

8. In a perfectly competitive industry, a change in fixed cost will have no effect on price in the long run. a. True b. False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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8. In a perfectly competitive industry, a change in fixed cost will have no effect on price in the long run.
a. True
b. False

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