Use the figure below to answer the following questions. 
Figure 11.4.3
-Refer to Figure 11.4.3,which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market.In the long run,
A) firms that remain in the market will expand production.
B) market demand will increase.
C) firms will adopt labour-saving technology.
D) industry output will remain constant.
E) firms will enter the market.
Correct Answer:
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Q93: Use the figure below to answer the
Q94: Use the information below to answer the
Q95: A perfectly competitive market is in short-run
Q96: If firms exit an market,the
A)market supply curve
Q97: Use the figure below to answer the
Q99: Use the table below to answer the
Q100: If firms in a perfectly competitive market
Q101: All of the following statements are true
Q102: Technological change
A)brings only temporary gains to producers.
B)brings
Q103: A decrease in demand brings all of
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