Refer to the graph shown. Assuming that the industry continues to operate under conditions of perfect competition and that the cost curves do not shift, in the long run this firm will produce:
A) 800 units of output.
B) 1,000 units of output.
C) 1,200 units of output.
D) 1,400 units of output.

Question

Refer to the graph shown. Assuming that the industry continues to operate under conditions of perfect competition and that the cost curves do not shift, in the long run this firm will produce: 
A) 800 units of output. 
B) 1,000 units of output. 
C) 1,200 units of output. 
D) 1,400 units of output.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. Assuming that the industry continues to operate under conditions of perfect competition and that the cost curves do not shift, in the long run this firm will produce: 
A) 800 units of output. 
B) 1,000 units of output. 
C) 1,200 units of output. 
D) 1,400 units of output.

Refer to the Graph Shown