Suppose that as the output of mobile phones increases the, Ask an Expert

Economics

Suppose that as the output of mobile phones increases, the cost of touch screens and other component parts decreases. If the mobile phone industry features pure competition, we would expect the long-run supply curve for mobile phones to be: LO11.3 a. Upward sloping. b. Downward sloping. c. Horizontal. d. U-shaped.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91837825

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