Business, 02.02.2021 01:00 jakeyywashere

Assume the smart watch industry is a perfectly competitive industry that uses a specialized input. If this industry experiences an increase in demand, we might expect that in the long run: Multiple Choice neither input nor output prices will increase. both input and output prices will increase. only input prices will increase. only output prices will increase.

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Assume the smart watch industry is a perfectly competitive industry that uses a specialized input. I...