Question 2 ( 8 , 13 ) Don't ignore any part all part work u.Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line 8. In a perfectly competitive industry, a change in fixed cost will have no effect on price in the long run.a. Trueb. False 13. In a monopsony labor market, the supply curve of labor lies above the MFC curve.a. Trueb. False

In a market structure known as a perfectly competitive industry, numerous businesses create and sell…

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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 6QR

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Question

Question 2 ( 8 , 13 )

Don't ignore any part all part work u
.
Full explain this question and text typing work only
We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

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

13. In a monopsony labor market, the supply curve of labor lies above the MFC curve.
a. True
b. False

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