The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward-sloping.

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The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward-sloping. Explain why this occurs.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:48 AM

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The supply curve is horizontal for a factor price taker; however, the industry supply curve is upward-sloping.

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The firms supply curve is horizontal for a price taker because it can hire additional fact...View the full answer

Economics

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