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Identical linear supply curve

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Reference no: EM132519355

Consider the competitive model of a firm where each firm has an identical linear supply curve (optimal supply rule). As the number of firms in the industry increases, the linear market supply curve could (check all that apply)

a. become steeper

b. not enough information to make an assessment

c. become flatter

d. have a constant elasticity equal to 1 regardless of the (finite) number of firms

Reference no: EM132519355

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