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Market for corn is perfectly competitive

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Reference no: EM131334535

Suppose that the market for corn is perfectly competitive. If corn farmers are currently generating losses, then we would expect that in the long run the market?

  • supply curve will shift to the left.
  • supply curve will shift to the right.
  • demand curve will shift to the left.
  • demand curve will shift to the right.

Reference no: EM131334535

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