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QUESTION
The long run supply curve may slope upwards because 1) Some resources used in production may be available only in limited quantities 2) Firms may
The long run supply curve may slope upwards because
1) Some resources used in production may be available only in limited quantities
2) Firms may have different costs
I do not understand anything, if the long-run supply curve is horizontal, how can it slope upwards? And what do these 2 points mean?
