Below,the graph on the left shows the short-run cost curves for a firm in a perfectly competitive market,and the graph on the right shows the current market conditions in this industry.What do you expect to happen in the long-run? 
A) Market supply will decrease.
B) Market price will decrease.
C) The firm's profit will decrease.
D) both b and c
E) all of the above
Correct Answer:
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Q1: Which of the following is NOT a
Q3: Below,the graph on the left shows the
Q4: In a perfectly competitive industry the market
Q5: Firm A and firm B both have
Q6: The graph below shows demand and marginal
Q7: In a perfectly competitive market
A)a firm must
Q8: Below,the graph on the left shows the
Q9: Which of the following is NOT a
Q10: The graph on the left shows the
Q11: The total cost schedule for a
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