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when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is
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41 votes
when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is

User Dominik Goltermann
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16 votes

Answer: The correct option therefore is > upward sloping

Step-by-step explanation:

When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.

User Mark Bowker
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