Brightcord285 Brightcord285

27-12-2021
Business

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when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is

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michaelfeeri michaelfeeri

27-12-2021

Answer: The correct option therefore is > upward sloping

Explanation:

When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.

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