Resource costs increase in a purely competitive industry

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Resource costs increase in a purely competitive industry. This change will result in a(n):

A. Increase in average fixed cost for a firm in the industry

B. Decrease in average variable cost for a firm in the industry

C. Decrease in the marginal cost curve for a firm in the industry

D. Decrease in the short-run supply curve for a firm in the industry

Reference no: EM13276627

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