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An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come

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Question:

An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come

A.

entirely from new firms

B.

entirely from existing firms

C.

either entirely from new firms or entirely from existing firms

D.

partly from new firms and partly from existing firms.

Answer» a. entirely from new firms

Note: The above multiple-choice question is for all general and Competitive Exams in India.