If some firm in an industry has the production function F(x, y) = , where x and y are the only two inputs in producing the good, then that industry cannot be competitive in the long run.

Question

If some firm in an industry has the production function F(x, y) =  , where x and y are the only two inputs in producing the good, then that industry cannot be competitive in the long run.

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The Answer of If some firm in an industry has the production function F(x, y) =  , where x and y are the only two inputs in producing the good, then that industry cannot be competitive in the long run.

If Some Firm in an Industry Has the Production Function