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Online MBA Degree Program. ECO561 Final Exam Answer 12

Which of the following represents a long-run adjustment?

A.   a supermarket hires four additional clerks

B.   unable to meet foreign competition, a U.S. watch manufacturer sells one of its branch plants

C.   a steel manufacturer cuts back on its purchases of coke and iron ore

D.   a farmer uses an extra dose of fertilizer on his corn crop

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