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True or false: "If all firms in an industry have identical variable cost, but each pays a different
one-time fee to enter the market, all firms will produce identical quantities of output in the short
run." Explain.

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  • 1. True or false: "If all firms in an industry have identical variable cost, but each pays a different one-time fee to enter the market, all firms will produce identical quantities of output in the short run." Explain.