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In a market with many bakeries, each having a different cost to produce a baguette, the market supply curve is upward-sloping. As the market price for a baguette rises, bakeries with progressively ______ marginal costs will find it profitable to start production, adding to the total quantity supplied.
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Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
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In a market with many bakeries, each having a different cost to produce a baguette, the market supply curve is upward-sloping. As the market price for a baguette rises, bakeries with progressively ______ marginal costs will find it profitable to start production, adding to the total quantity supplied.
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