Refer to Figure 23.4. In the long run, which of the following would not be expected?
A) A decrease in market supply.
B) An increase in total revenue for the remaining firms.
C) An increase in output for the remaining firms.
D) A decrease in MR for the remaining firms.

Question

Refer to Figure 23.4. In the long run, which of the following would not be expected?
A) A decrease in market supply. 
B) An increase in total revenue for the remaining firms. 
C) An increase in output for the remaining firms. 
D) A decrease in MR for the remaining firms.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 23.4. In the long run, which of the following would not be expected?
A) A decrease in market supply. 
B) An increase in total revenue for the remaining firms. 
C) An increase in output for the remaining firms. 
D) A decrease in MR for the remaining firms.