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Business, 28.11.2019 02:31 alyxkellar06

Which of the following statements is not correct? a. the amount of gold in the world is limited. therefore, the gold jewelry market probably has a long-run supply curve that is upward sloping. b. long-run supply curves are typically more elastic than short-run supply curves. c. to maximize profit, firms should produce at a level of output where price equals average variable cost. d. in a long-run equilibrium, marginal firms make zero economic profit.

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